Ault Alliance, Inc. (NYSE American: AULT), a diversified holding firm (βAlliance Ault,” or “Firm“), introduced at the moment that its wholly owned subsidiary, Sentinum, Inc. (“Sentinumβ) mined roughly 103 bitcoins in February 2024. Of this complete, roughly 52 bitcoins have been mined on the Sentinum information heart in Michigan, with the remaining roughly 51 bitcoins from miners hosted at Core Scientific, Inc. The February 2024 mining fee was roughly $7.4 million, representing the very best single month-to-month fee for Bitcoin miners within the firm’s historical past. The February mining operations symbolize the present annual Bitcoin mining operations of roughly $89 million value of Bitcoin. The run fee is predicated on the present Bitcoin value of $72,000 per coin.
William B. Horne, CEO of Ault Alliance, acknowledged, βSentinum continues to work to enhance operations and can start shifting equipment from its Michigan facility to its Montana facility, which is predicted to happen this month. Shifting the machines to our Montana facility will enable us to concentrate on growth at our Michigan facility. This growth is predicted to drive speedy progress in high-performance computing and synthetic intelligence use instances. Clearly, if the latest rise in Bitcoin costs holds, Sentinum expects to hit a brand new month-to-month run fee file in March 2024.
Ault Alliance notes that each one estimates and different projections are topic to the volatility of the market value of Bitcoin, fluctuations within the degree of mining problem, the power to construct and supply the mandatory energy to miners, and different components that will have an effect on Bitcoin’s outcomes. mining manufacturing or operation. The corporate additionally takes observe of the upcoming Bitcoin halving and with it a discount within the block reward for miners. The corporate doesn’t predict the value of Bitcoin earlier than or after the upcoming halving, however is ready to regulate its mining operations accordingly.
For extra details about Ault Alliance and its subsidiaries, Ault Alliance encourages shareholders, buyers and different events to learn Ault Alliance’s public filings and press releases, which can be found within the Investor Relations part at www.Ault.com or at www.sec.gov.
