Ault Alliance Reports 151 Bitcoin Mined in December 2023
Ault Alliance’s Milestone Achievement
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company, recently announced a significant achievement. Its subsidiary, Sentinum, Inc., mined approximately 151 Bitcoin in December 2023. This marked the highest single monthly run rate for Bitcoin miners in the company’s history, with a current annual run rate of approximately $78 million worth of Bitcoin based on a current Bitcoin price of approximately $43,000.
CEO’s Satisfaction and Confidence
William B. Horne, Chief Executive Officer of Ault Alliance, expressed immense satisfaction with the progress and overall performance of the mining operations, particularly those of Sentinum. He emphasized the company’s confidence in sustaining impressive monthly revenues, attributing this to ongoing efforts to streamline operations and upcoming changes in mining rig hosting. Horne also noted the company’s belief that the current trading price of their stock does not fully capture the intrinsic value that Sentinum adds to the company.
Market Volatility and Impact on Operations
Ault Alliance acknowledges that all estimates and projections are subject to the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the ability to provide necessary power for miners, and other factors that may impact the results of Bitcoin mining production or operations. Despite this, the company remains optimistic about the future of its mining operations.
Accessing More Information
For more information on Ault Alliance and its subsidiaries, interested parties are encouraged to read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or at www.sec.gov.
