From Investing.com: 2024-04-03 06:32:07

Ault Alliance, Inc. reported that its subsidiary, Sentinum, mined 105 Bitcoin in March 2024, with 53 Bitcoin from Michigan and 52 Bitcoin from Core Scientific. The estimated annual run rate is approximately $82 million based on a Bitcoin price of $65,000 per coin. Their CEO, William B. Horne, mentioned plans to expand mining activities in Montana and Michigan.

The company acknowledges that Bitcoin market price volatility, mining difficulty levels, and power availability can impact mining operations. They are also preparing for the upcoming Bitcoin halving event, where block rewards for miners will be halved. Ault Alliance encourages stakeholders to review their public filings and press releases for more information on their operations and updates.

Ault Alliance and its subsidiary, Sentinum, are adapting to the changing Bitcoin market landscape and exploring opportunities for future growth. With strategic plans to optimize mining operations in Montana and Michigan, the company remains focused on maximizing mining efficiency and powering the development of artificial intelligence data centers. Stakeholders are advised to stay informed through Ault Alliance’s official channels for updates on their progress and initiatives.

Read more at Investing.com: Ault Alliance’s Sentinum Mined 105 Bitcoin in March 2024 By Investing.com