Ault Alliance’s Sentinum mined 103 BTC in February 2024, from Investing.com

Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Pursue“), announced today that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum“) mined about 103 Bitcoin in February 2024. Of these, approximately 52 Bitcoin were mined at Sentinum’s data center in Michigan, the remaining approximately 51 Bitcoin came from mining machines hosted at Core Scientific, Inc. $7.4 million represents the highest single monthly run rate for Bitcoin miners in The Company’s history. The February mining operations represent a current annual circulation rate of Bitcoin mining operations in Bitcoin valued at approximately $89 million. The run rate is based on a current Bitcoin price of $72,000 per coin.

William B. Horne, Chief Executive Officer of Ault Alliance, stated, “Sentinum continues to work to improve operations and will begin relocating equipment from its Michigan location to its Montana location, which is expected to occur this month. By moving the machines to our Montana location, we can focus on expanding at our Michigan location. This expansion is expected to support the rapid growth of high-performance computing and artificial intelligence use cases. Of course, if the recent rise in Bitcoin prices continues, Sentinum expects to set a new monthly run rate record in March 2024.”

Ault Alliance notes that all estimates and other forecasts are subject to the volatility of the Bitcoin market price, the fluctuation in mining difficulty, the ability to build and provide the necessary energy to miners, and other factors affecting the results of Bitcoin may impact mining production or operations. The company also points out the upcoming Bitcoin halving and thus the halving of the block reward for miners. The company does not make a prediction about the price of Bitcoin before or after the upcoming halving, but is prepared to adjust its mining activities accordingly.

For more information about Ault Alliance and its subsidiaries, Ault Alliance encourages shareholders, investors and other interested parties to read Ault Alliance’s public filings and press releases, which are available in the Investor Relations section at www.Ault.com or at www.sec.gov.