Ault Alliance’s Sentinum Reports 151 Bitcoin Mined in December 2023 By Investing.com
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Ault Alliance’s (AULT) Sentinum Reports 151 Bitcoin Mined in December 2023
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), announced today that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”) mined approximately 151 Bitcoin in December 2023. Of this total, approximately 77 Bitcoin were mined at Sentinum’s data center in Michigan, with the remaining approximately 74 Bitcoin from mining machines hosted with Core Scientific, Inc. (“Core”). The December 2023 mining run rate of approximately $6.5 million marks the highest single monthly run rate for Bitcoin miners in the Company’s history. The December mining operations represent a current Bitcoin mining operations annual run rate of approximately $78 million worth of Bitcoin. The mining run rate is based upon a current Bitcoin price of approximately $43,000.
William B. Horne, Chief Executive Officer of Ault Alliance, stated, “Reaching this milestone represents a significant stride forward for the Company. We are immensely satisfied with the progress and overall performance of our mining operations, particularly those of Sentinum. We believe that Sentinum is in an excellent position to sustain its track record of producing impressive monthly revenues. This is largely due to our ongoing efforts to streamline operations and the upcoming transfer of some of our mining rigs hosted by Core to our Montana site. It is important to recognize that we believe that the current trading price of our stock does not fully capture the intrinsic value that Sentinum adds to our company.”
Ault Alliance notes that all estimates and other projections are subject to the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the ability to build out and provide the necessary power for miners, and other factors that may impact the results of Bitcoin mining production or operations.
For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or at www.sec.gov.
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Ault Alliance’s (AULT) Sentinum Reports 151 Bitcoin Mined in December 2023
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), announced today that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”) mined approximately 151 Bitcoin in December 2023. Of this total, approximately 77 Bitcoin were mined at Sentinum’s data center in Michigan, with the remaining approximately 74 Bitcoin from mining machines hosted with Core Scientific, Inc. (“Core”). The December 2023 mining run rate of approximately $6.5 million marks the highest single monthly run rate for Bitcoin miners in the Company’s history. The December mining operations represent a current Bitcoin mining operations annual run rate of approximately $78 million worth of Bitcoin. The mining run rate is based upon a current Bitcoin price of approximately $43,000.
William B. Horne, Chief Executive Officer of Ault Alliance, stated, “Reaching this milestone represents a significant stride forward for the Company. We are immensely satisfied with the progress and overall performance of our mining operations, particularly those of Sentinum. We believe that Sentinum is in an excellent position to sustain its track record of producing impressive monthly revenues. This is largely due to our ongoing efforts to streamline operations and the upcoming transfer of some of our mining rigs hosted by Core to our Montana site. It is important to recognize that we believe that the current trading price of our stock does not fully capture the intrinsic value that Sentinum adds to our company.”
Ault Alliance notes that all estimates and other projections are subject to the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the ability to build out and provide the necessary power for miners, and other factors that may impact the results of Bitcoin mining production or operations.
For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or at www.sec.gov.
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