Ault Alliance's Sentinum Mined 103 BTC in February 2024

Ault Alliance, Inc. (NYSE American: AULT), a diversified holding firm (“Ault Alliance,” or the “Firm”), introduced at the moment that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”) mined roughly 103 Bitcoin in February 2024. Of this whole, roughly 52 Bitcoin had been mined at Sentinum’s information heart in Michigan, with the remaining roughly 51 Bitcoin from mining machines hosted with Core Scientific, Inc. The February 2024 mining run price of roughly $7.4 million represents the best single month-to-month run price for Bitcoin miners within the Firm’s historical past. The February mining operations symbolize a present Bitcoin mining operations annual run price of roughly $89 million price of Bitcoin. The run price relies upon a present Bitcoin value of $72,000 per coin.

William B. Horne, Chief Govt Officer of Ault Alliance, said, “Sentinum continues to work on bettering operations and can start transferring machines from its Michigan web site to its Montana web site, which is anticipated to happen this month. A shift of machines to our Montana web site will permit us to give attention to enlargement at our Michigan web site. This enlargement is anticipated to assist the fast progress of Excessive-Efficiency Computing and Synthetic Intelligence use instances. Clearly, if the latest uptick in Bitcoin costs holds, Sentinum expects to attain a brand new month-to-month run price file for March 2024.”

Ault Alliance notes that each one estimates and different projections are topic to the volatility in Bitcoin market value, the fluctuation within the mining problem degree, the power to construct out and supply the required energy for miners, and different components that will impression the outcomes of Bitcoin mining manufacturing or operations. The Firm additionally notes the upcoming halving of Bitcoin and with that, the halving of the block reward for miners. The Firm makes no prediction on the worth of Bitcoin previous to or after the upcoming halving however is ready to regulate its mining operations accordingly.

For extra data on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, traders, and some other events learn Ault Alliance’s public filings and press releases obtainable beneath the Investor Relations part at www.Ault.com or at www.sec.gov.