From Investing.com: 2024-04-03 06:41:13

Ault Alliance, Inc. reported that its subsidiary Sentinum, Inc. mined around 105 bitcoins in March 2024, equating to an estimated $82 million annually at the current price of $65,000 per coin. Operations were conducted in Michigan and with Core Scientific, Inc. The company plans to transition to lower-cost sites for mining.

CEO William B. Horne discussed deploying the first Antbox mining container in Montana to reduce energy expenses and repurpose the Michigan facility for artificial intelligence data centers. Ault Alliance warned about potential volatility and operational challenges in Bitcoin mining due to factors like market fluctuations and upcoming halving events that impact rewards for miners.

Ault Alliance focuses on diverse ventures, including data centers, colocation services, and involvement in AI, defense, and medical sectors. It extends credit through a lending subsidiary and operates from Las Vegas. Investors are advised to consider the small market cap, stock price volatility, and revenue growth, along with potential risk factors highlighted by InvestingPro insights for informed decision-making.

Read more at Investing.com: Ault Alliance subsidiary hits $82 million Bitcoin run rate By Investing.com