Ault Alliance’s Subsidiary, Sentinum, Set to Launch New Montana Data Center, Boosting Bitcoin Mining Operations
04 Dezember 2023 - 12:30PM
Business Wire
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance,” or the “Company”), today
announced its wholly owned subsidiary, Sentinum, Inc.
(“Sentinum”), plans to begin operations at its new Montana
data center in January 2024. The opening of this new data center
will expedite the Company’s plans to improve its profitability and
efficiency by transitioning some of its miners from a third party
hosted Bitcoin mining operation to its own facility in Montana.
The Company anticipates the initial transition of its mining
hardware will begin in January, with a focus on optimizing
operational costs and improving cash flow. The new Montana data
center consists of two sites and once operational shall have a
combined initial capacity of 20 megawatts (“MWs”). The
Montana data center will begin operations in a two-pronged approach
by bringing one 10 MW site online in January, followed by the
second 10 MW site shortly thereafter. Sentinum believes that the
capacity of the two Montana sites can be significantly expanded and
has contracted with the local utility to begin an electrical load
study in order to better understand the opportunities for power
upgrades at its Montana sites. Pending the results of the study,
Sentinum would also require additional financial resources in order
to increase the capacity.
Will Horne, Chief Executive Officer of Ault Alliance, emphasized
the strategic importance of this expansion, stating, “The launch of
our Montana data center is a pivotal step in our roadmap. It aligns
with our objective to transition our miners from hosted locations
to our bespoke data centers. This shift is expected to yield
reductions in our per kilowatt-hour costs, thereby bolstering our
profitability and cash flow. This is more than just an expansion;
it’s a testament to our commitment to be a leading company in the
digital asset industry. Our Montana data center is set to become a
cornerstone of our mining operations and is expected to drive
efficiency and contribute towards profitability in 2024.”
For more information on Ault Alliance and its subsidiaries, Ault
Alliance recommends that stockholders, investors, and any other
interested parties read Ault Alliance’s public filings and press
releases available under the Investor Relations section at
www.Ault.com or at www.sec.gov.
About Ault Alliance, Inc.
Ault Alliance, Inc. is a diversified holding company pursuing
growth by acquiring undervalued businesses and disruptive
technologies with a global impact. Through its wholly and
majority-owned subsidiaries and strategic investments, Ault
Alliance owns and operates a data center at which it mines Bitcoin
and offers colocation and hosting services for the emerging
artificial intelligence ecosystems and other industries, and
provides mission-critical products that support a diverse range of
industries, including metaverse platform, oil exploration, crane
services, defense/aerospace, industrial, automotive,
medical/biopharma, consumer electronics, hotel operations and
textiles. In addition, Ault Alliance extends credit to select
entrepreneurial businesses through a licensed lending subsidiary.
Ault Alliance’s headquarters are located at 11411 Southern
Highlands Parkway, Suite 240, Las Vegas, NV 89141;
www.Ault.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements generally include
statements that are predictive in nature and depend upon or refer
to future events or conditions, and include words such as
“believes,” “plans,” “anticipates,” “projects,” “estimates,”
“expects,” “intends,” “strategy,” “future,” “opportunity,” “may,”
“will,” “should,” “could,” “potential,” or similar expressions.
Statements that are not historical facts are forward-looking
statements. Forward-looking statements are based on current beliefs
and assumptions that are subject to risks and uncertainties.
Forward-looking statements speak only as of the date they are
made, and the Company undertakes no obligation to update any of
them publicly in light of new information or future events. Actual
results could differ materially from those contained in any
forward-looking statement as a result of various factors. More
information, including potential risk factors, that could affect
the Company’s business and financial results are included in the
Company’s filings with the U.S. Securities and Exchange Commission,
including, but not limited to, the Company’s Forms 10-K, 10-Q and
8- K. All filings are available at www.sec.gov and on the Company’s
website at www.Ault.com.
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Ault Alliance Investor Contact: IR@Ault.com or
1-888-753-2235
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