Ault Alliance’s Sentinum Mined 103 BTC in February 2024 By Investing.com
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© Reuters Ault Alliance’s (AULT) Sentinum Mined 103 BTC in February 2024
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 103 Bitcoin in February 2024. Of this total, approximately 52 Bitcoin were mined at Sentinum’s data center in Michigan, with the remaining approximately 51 Bitcoin from mining machines hosted with Core Scientific, Inc. The February 2024 mining run rate of approximately $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 Bitcoin mining operations annual run rate of approximately $89 million worth of Bitcoin. The run rate is based upon a current Bitcoin price of $72,000 per coin.
William B. Horne, Chief Executive Officer of Ault Alliance, stated, “Sentinum continues to work on improving operations and will begin transferring machines from its Michigan site to its Montana site, which is expected to occur this month. A shift of machines to our Montana site will allow us to focus on expansion at our Michigan site. This expansion is expected to support the rapid growth of High-Performance Computing and Artificial Intelligence use cases. Obviously, if the recent uptick in Bitcoin prices holds, Sentinum expects to achieve a new monthly run rate record for March 2024.”
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. The Company also notes the upcoming halving of Bitcoin and with that, the halving of the block reward for miners. The Company makes no prediction on the price of Bitcoin prior to or after the upcoming halving but is prepared to adjust its mining operations accordingly.
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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© Reuters Ault Alliance’s (AULT) Sentinum Mined 103 BTC in February 2024
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 103 Bitcoin in February 2024. Of this total, approximately 52 Bitcoin were mined at Sentinum’s data center in Michigan, with the remaining approximately 51 Bitcoin from mining machines hosted with Core Scientific, Inc. The February 2024 mining run rate of approximately $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 Bitcoin mining operations annual run rate of approximately $89 million worth of Bitcoin. The run rate is based upon a current Bitcoin price of $72,000 per coin.
William B. Horne, Chief Executive Officer of Ault Alliance, stated, “Sentinum continues to work on improving operations and will begin transferring machines from its Michigan site to its Montana site, which is expected to occur this month. A shift of machines to our Montana site will allow us to focus on expansion at our Michigan site. This expansion is expected to support the rapid growth of High-Performance Computing and Artificial Intelligence use cases. Obviously, if the recent uptick in Bitcoin prices holds, Sentinum expects to achieve a new monthly run rate record for March 2024.”
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. The Company also notes the upcoming halving of Bitcoin and with that, the halving of the block reward for miners. The Company makes no prediction on the price of Bitcoin prior to or after the upcoming halving but is prepared to adjust its mining operations accordingly.
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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