Ault Alliance Points March Bitcoin Manufacturing and Mining Operation Report

Ault Alliance, Inc. (NYSE American: AULT), a diversified holding firm (“Ault Alliance,” or the “Firm”) introduced right now that its wholly owned subsidiary, BitNile, Inc. (“BitNile”) has issued an unaudited replace on its Bitcoin mining operations reporting receiving 102 Bitcoin for the month of March 2023 on account of its miners offering computing energy to a mining pool operator. BitNile’s mining operations are presently working at an estimated annualized gross income run charge of over $42 million, based mostly on present market circumstances, together with a present buying and selling value of Bitcoin at $30,000 as of April 10, 2023, and a mining problem of 47.89 trillion.

BitNile just lately efficiently accomplished the set up at a Core Scientific, Inc. (“Core Scientific”) web site of roughly 3,000 S19j Professional Antminers that characteristic a processing energy of 100 terahashes per second (“TH/s”). BitNile’s operation in Michigan encompasses over 4,600 environmentally pleasant S19 XP Antminers that characteristic a processing energy of 140 terahashes per second (“TH/s”) and over 4,500 S19j Professional Antminers.

Joseph Spaziano, the Firm’s Chief Info Officer and BitNile’s Head of Mining Operations, expressed his satisfaction with BitNile’s progress, stating, “I’m more than happy that the Bitcoin mining group has deployed further miners with Core Scientific. Our mining operations are anticipated to additional increase within the coming months with further miners at a hosted facility in Texas and our just lately bought facility in Montana, and now we have made commitments to deploy further capability underneath our management to over 20,000 miners. I look ahead to the progress the BitNile group will obtain over 2023.”

Ault Alliance notes that every one estimates and different projections are topic to the precise supply and set up of Bitcoin miners, the volatility in Bitcoin market value, the fluctuation within the mining problem stage, the flexibility to construct out and supply the mandatory energy for miners, and different components that will influence the outcomes of Bitcoin mining manufacturing or operations.

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

About Ault Alliance, Inc.

Ault Alliance, Inc. is a diversified holding firm pursuing development by buying undervalued companies and disruptive applied sciences with a world influence. By means of its wholly and majority-owned subsidiaries and strategic investments, Ault owns and operates a knowledge middle at which it mines Bitcoin and gives mission-critical merchandise that help a various vary of industries, together with metaverse platform, oil exploration, crane providers, protection/aerospace, industrial, automotive, medical/biopharma, shopper electronics, lodge operations and textiles. As well as, Ault Alliance extends credit score to pick entrepreneurial companies by way of a licensed lending subsidiary. Ault Alliance’s headquarters are positioned at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.ault.com.

Ahead-Wanting Statements

This press launch incorporates “forward-looking statements” throughout the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended. These forward-looking statements typically embody statements which might be predictive in nature and rely on or check with future occasions or circumstances, and embody phrases comparable to “believes,” “plans,” “anticipates,” “initiatives,” “estimates,” “expects,” “intends,” “technique,” “future,” “alternative,” “might,” “will,” “ought to,” “may,” “potential,” or comparable expressions. Statements that aren’t historic info are forward-looking statements. Ahead-looking statements are based mostly on present beliefs and assumptions which might be topic to dangers and uncertainties. Ahead-looking statements communicate solely as of the date they’re made, and the Firm undertakes no obligation to replace any of them publicly in gentle of latest data or future occasions. Precise outcomes may differ materially from these contained in any forward-looking assertion on account of numerous components. Extra data, together with potential threat components, that might have an effect on the Firm’s enterprise and monetary outcomes are included within the Firm’s filings with the U.S. Securities and Change Fee, together with, however not restricted to, the Firm’s Varieties 10-Ok, 10-Q and 8-Ok. All filings can be found at www.sec.gov and on the Firm’s web site at www.ault.com

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Supply: Ault Alliance, Inc.