Ault Alliance Provides Mid-Year Bitcoin Production and Mining Operations Update
Roughly 19,000 Miners Are Now Lively and Delivering an Operational Hash Price of two.1 Exahashes per Second
LAS VEGAS, June 26, 2023–(BUSINESS WIRE)–Ault Alliance, Inc. (NYSE American: AULT), a diversified holding firm, (“Ault Alliance” or the “Company”), introduced right now that its wholly owned subsidiary, BitNile, Inc. (“BNI”) has issued an unaudited replace on its Bitcoin mining operations reporting BNI’s mining operations is at the moment working at a hash charge of two.1 exahashes per second with roughly 9,000 of its Bitcoin miners at its Michigan information heart and 10,000 Bitcoin miners which are being hosted via its strategic collaboration with Core Scientific, Inc. The annualized gross worth of Bitcoin at the moment being mined using BNI’s miners is greater than $55 million, primarily based on present market situations, together with a present buying and selling value of Bitcoin at $30,500 and a mining problem of 52.35 trillion.
Milton “Todd” Ault III, Founder and Govt Chairman of Ault Alliance expressed his enthusiasm, “We are energized by our progress at our Michigan data center and with our partnership with Core Scientific, where we have successfully deployed most of our existing Bitcoin mining machines. The real highlight, however, is our previously announced planned expansion to Montana. This new frontier for our mining operations is expected to initially offer 20 megawatts of power. A subsequent load study could reveal potential for up to 250 megawatts of future power capacity at the Montana location. This venture marks an exciting milestone in our ongoing commitment to the Bitcoin mining sector.”
Ault Alliance notes that each one estimates and different projections are topic to the volatility in Bitcoin market value, the fluctuation within the mining problem stage, the power to construct out and supply the required energy for miners, and different elements that will impression the outcomes of Bitcoin mining manufacturing or operations.
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For extra info on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, buyers, and another events learn Ault Alliance’s public filings and press releases accessible beneath the Investor Relations part at https://www.ault.com/ or accessible at https://www.sec.gov/.
About Ault Alliance, Inc.
Ault Alliance, Inc. is a diversified holding firm pursuing progress by buying undervalued companies and disruptive applied sciences with a worldwide impression. By means of its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates an information heart at which it mines Bitcoin and offers mission-critical merchandise that assist a various vary of industries, together with metaverse platform, oil exploration, crane providers, protection/aerospace, industrial, automotive, medical/biopharma, client electronics, resort operations and textiles. As well as, Ault Alliance extends credit score to pick entrepreneurial companies via a licensed lending subsidiary. Ault Alliance’s headquarters are positioned at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.ault.com.
Ahead-Trying Statements
This press launch incorporates “forward-looking statements” throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. These forward-looking statements usually embrace statements which are predictive in nature and rely upon or seek advice from future occasions or situations, and embrace phrases reminiscent of “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or related expressions. Statements that aren’t historic details are forward-looking statements. Ahead-looking statements are primarily based on present beliefs and assumptions which are topic to dangers and uncertainties. Ahead-looking statements converse solely as of the date they’re made, and the Firm undertakes no obligation to replace any of them publicly in gentle of recent info or future occasions. Precise outcomes may differ materially from these contained in any forward-looking assertion because of varied elements. Extra info, together with potential danger elements, that would have an effect on the Firm’s enterprise and monetary outcomes are included within the Firm’s filings with the U.S. Securities and Trade Fee, together with, however not restricted to, the Firm’s Types 10-Ok, 10‑Q and 8-Ok. All filings can be found at https://www.sec.gov/ and on the Firm’s web site at https://www.ault.com/.
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