© Reuters Ault Alliance’s (AULT) Sentinum Mined 103 BTC in February 2024
Ault Alliance, Inc. (NYSE American: AULT), a diversified holding firm (“Ault Alliance,” or the “Company”), introduced in the present day that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”) mined roughly 103 Bitcoin in February 2024. Of this complete, roughly 52 Bitcoin had been mined at Sentinum’s information middle in Michigan, with the remaining roughly 51 Bitcoin from mining machines hosted with Core Scientific, Inc. The February 2024 mining run price of roughly $7.4 million represents the very best single month-to-month run price for Bitcoin miners within the Firm’s historical past. The February mining operations characterize a present Bitcoin mining operations annual run price of roughly $89 million value of Bitcoin. The run price is predicated upon a present Bitcoin value of $72,000 per coin.
William B. Horne, Chief Government Officer of Ault Alliance, said, “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 each one estimates and different projections are topic to the volatility in Bitcoin market value, the fluctuation within the mining issue stage, the power to construct out and supply the mandatory energy for miners, and different elements that will affect the outcomes of Bitcoin mining manufacturing or operations. The Firm additionally notes the upcoming halving of Bitcoin and with that, the halving of the block reward for miners. The Firm makes no prediction on the value of Bitcoin previous to or after the upcoming halving however is ready to regulate its mining operations accordingly.
For extra info on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, buyers, and every other events learn Ault Alliance’s public filings and press releases out there below the Investor Relations part at www.Ault.com or at www.sec.gov.
