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Ault Alliance, Inc. - AULT STOCK NEWS

Welcome to our dedicated page for Ault Alliance news (Ticker: AULT), a resource for investors and traders seeking the latest updates and insights on Ault Alliance stock.

Ault Alliance, Inc. (AULT) is a multifaceted holding company renowned for its diverse portfolio and strategic growth initiatives. The company specializes in acquiring undervalued assets, disruptive technologies, and sustainable solutions to foster long-term growth and returns for its investors. Ault Alliance operates across a broad spectrum of industries, including commercial, defense/aerospace, industrial, telecom, medical, crypto-mining, hospitality, textile, and investment/corporate lending markets.

Ault Alliance is dedicated to innovation, investing through its subsidiaries in cutting-edge technologies and services. The company is a leader in supplying mission-critical products and solutions, supporting sectors like oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations, and textiles.

One of the key operations of Ault Alliance is its data center, which focuses on Bitcoin mining, highlighting the company's engagement with modern and future-forward industries. The company’s structure is segmented into eight reportable divisions: Energy and Infrastructure; Technology and Finance; SMC; Sentinum, Inc.; GIGA; TurnOnGreen; ROI; and Ault Disruptive. Each segment is tasked with specific operational and strategic goals, contributing to the overarching aim of sustainable growth and market leadership.

Ault Alliance's recent achievements include expansions in their crypto-mining operations, significant technological advancements through their subsidiaries, and partnerships that have bolstered their market position in various industries. The company's financial condition remains strong, backed by a strategic approach to acquisitions and development, ensuring robust returns for investors.

Through a combination of strategic investments, innovative technologies, and a commitment to sustainable and impactful ventures, Ault Alliance, Inc. continues to be a significant player in multiple high-growth industries, providing substantial value to its stakeholders and maintaining a forward-looking approach to business development.

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Ault Alliance, Inc. has been awarded a $20 million contract by its subsidiary Giga-tronics, Inc. to supply bespoke systems to a major strategic customer through its subsidiary Enertec Systems 2001, Ltd. This contract includes an initial $5 million for materials and $1.5 million for immediate system deliveries. The orders will be executed between 2024 to 2026 and are expected to boost Enertec's backlog, revenue streams, and profitability.
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Ault Alliance's subsidiary, Sentinum, reaches $46 million in Bitcoin mining revenue
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Gresham Worldwide reports a 52% increase in Q3 orders, reaching $15.4 million and a 21% increase in backlog to $33.7 million.
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Ault Alliance, Inc. addresses declining stock price and highlights solid business fundamentals and growth prospects. Substantial support from Ault & Company, Inc. demonstrates belief in the company's potential. Diversified portfolio includes investments in sectors with growth opportunities. Projected revenue to exceed $200 million in 2023. Sale of assets to reduce debt load. Market representation does not reflect true value. Trading activities may cause volatility in reported earnings.
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Ault Alliance, Inc. is selling its multifamily development site in St. Petersburg, Florida, to focus on core businesses. The decision is driven by the desire to allocate capital to crane rental, lending, and data center operations. The sale proceeds will be used to pay off debt. The project was redeveloped to permit a 23-story, 285-unit multifamily property. The company is optimistic about the project's potential in the fast-growing St. Petersburg market.
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Ault & Company has advanced $17.5 million towards its agreement to fund up to $40 million into Ault Alliance. The company has assumed $11.6 million of secured promissory notes, $4.6 million of loans, and $1.3 million of convertible preferred stock. Regulatory approval is pending for the issuance of preferred stock and warrants. Ault & Company anticipates funding the remaining $22.5 million in cash. The company is committed to completing the agreement and believes in the growth potential of its diversified holdings.
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Ault Alliance's subsidiary, Eco Pack Technologies, is set to acquire an 80% stake in Eco Pack Technologies LTD, a UK-based innovator in sustainable secondary packaging solutions. The innovative packaging technology aims to replace conventional cardboard boxes and shrink-wraps, offering eco-friendly alternatives. Eco Pack's machinery is versatile and can be adapted to various manufacturing settings. The acquisition is expected to promote the growth of eco-friendly consumer goods production in the US, UK, Europe, and Asia.
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Ault Alliance announces strategic corporate alignment, emphasizing strengths of subsidiaries. Circle 8 to focus on crane services, Sentinum on data centers, Ault Venture Group as investment cornerstone. Bitcoin mining operations hosted by Sentinum. Strategic dispositions underway. Stock price undervalued.
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Ault Alliance provides business update, with positive projections of $200 million in annual revenue for 2023 and plans to optimize corporate structure through divestment of hotel properties and real estate assets.
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Ault Alliance, Inc. declares monthly cash dividend of $0.2708333 per share for its Series D Cumulative Redeemable Perpetual Preferred Stock.
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FAQ

What is the current stock price of Ault Alliance (AULT)?

The current stock price of Ault Alliance (AULT) is $0.2149 as of September 10, 2024.

What is the market cap of Ault Alliance (AULT)?

The market cap of Ault Alliance (AULT) is approximately 8.3M.

What is Ault Alliance, Inc.?

Ault Alliance, Inc. is a diversified holding company investing in undervalued assets, disruptive technologies, and sustainable solutions across various industries.

Which industries does Ault Alliance operate in?

Ault Alliance operates in commercial, defense/aerospace, industrial, telecom, medical, crypto-mining, hospitality, textile, and investment/corporate lending markets.

What are the main segments of Ault Alliance?

The main segments are Energy and Infrastructure, Technology and Finance, SMC, Sentinum, Inc., GIGA, TurnOnGreen, ROI, and Ault Disruptive.

What are the key operations of Ault Alliance?

Key operations include a data center for Bitcoin mining and supplying mission-critical products for various industries.

How does Ault Alliance approach growth?

Ault Alliance's growth strategy involves acquiring undervalued assets, investing in disruptive technologies, and incubating sustainable solutions.

What recent achievements has Ault Alliance made?

Recent achievements include expansions in crypto-mining operations and technological advancements through their subsidiaries.

What is Ault Alliance's financial condition?

Ault Alliance maintains a strong financial condition, supported by strategic acquisitions and sustainable development.

How does Ault Alliance support its diverse operations?

The company supports its operations through a combination of innovative technologies, strategic investments, and a commitment to impactful ventures.

What makes Ault Alliance unique?

The company's unique value lies in its diversified portfolio across high-growth industries and its focus on long-term sustainable growth.

What is the significance of Ault Alliance's data center?

The data center is a key component of Ault Alliance's operations, focusing on Bitcoin mining and demonstrating the company's engagement with future-forward industries.

Ault Alliance, Inc.

NYSE:AULT

AULT Rankings

AULT Stock Data

8.35M
38.85M
0.13%
1.81%
3.21%
Aerospace & Defense
Electronic Components, Nec
Link
United States of America
LAS VEGAS