Ault Alliance, Inc. - AULT STOCK NEWS

Ault Alliance announced a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock.

The record date for this dividend is June 30, 2024, with payment scheduled for July 10, 2024. Ault Alliance encourages stockholders and investors to refer to their public filings and press releases for more information.

Ault Alliance announced the successful payment of its twenty-fourth consecutive monthly cash dividend for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The dividends are cumulative, paid at a rate of 13.00% per annum per $25.00 of stated liquidation preference per share, equating to $0.2708333 per share per month. Founder and Executive Chairman, Milton “Todd” Ault III, emphasized the company's unwavering commitment to its dividend payments, aiming to enhance its credit profile and support growth in its AI data center and crane business within the energy segment.

Ault Alliance (NYSE American: AULT) plans to issue a special preferred dividend for its common and Series C preferred stockholders. Each share of common stock will receive one share of newly designated preferred stock, which will pay a percentage of profits from AI data center operations and Bitcoin mining by its subsidiary, Sentinum. The preferred dividend is expected to be between 0.25% and 25% of the $1 face value per share, pending Board approval and regulatory consent. The initiative aims to reward stockholders with a direct stake in Sentinum's profits. Ault Alliance seeks stockholder approval to increase the number of authorized preferred shares and to list the new preferred stock on a national exchange.

Ault Alliance (NYSE American: AULT) reports a profitable Q1 2024, with total revenue rising 55% to $44.9 million from the previous year's $28.9 million. Excluding revenue from its discontinued Ault Global Real Estate Equities, revenue growth remains strong. Digital asset mining revenue increased 56% to $11.4 million, and lending/trading revenue surged to $9.1 million from a prior loss of $4.9 million. Gross margins improved to 43%, and operating expenses fell 41% to $19.1 million. Net income for common shareholders reached $2.5 million compared to a $48.9 million loss last year. Investments in the Michigan data center aim to capitalize on AI industry growth, with potential expansions contingent on approvals and funding. Management remains optimistic but cautions about potential fluctuations due to market conditions.

Ault Alliance announced a monthly cash dividend of $0.2708333 per share for its 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock.

The record date is May 31, 2024, and the payment date is June 10, 2024.

Stockholders can access further information on the company's Investor Relations section or the SEC website.

Ault Alliance's subsidiary, Sentinum, mined 89 Bitcoin in April 2024, with 46 Bitcoin from its Michigan data center and 43 Bitcoin through Core Scientific. CEO William B. Horne expressed optimism about reducing power costs and focusing on profitable mining post-Bitcoin halving. The company acknowledges that Bitcoin price volatility, mining difficulty fluctuations, and power provisioning challenges may impact future results. Ault Alliance is prepared to adjust its operations accordingly. For more information, consult Ault Alliance's public filings and press releases.

Ault Alliance, Inc. announced that its subsidiary, Sentinum, mined approximately 89 Bitcoin in April 2024. Of this total, 46 Bitcoin were mined in Michigan, and 43 were mined using miners hosted by Core Scientific, Inc. The company plans to focus on profitable mining operations following recent Bitcoin halving, with all estimates subject to market volatility and other factors.

Ault Alliance, Inc. (NYSE American: AULT) announced that its subsidiary, Sentinum, Inc., has completed the initial installation of 1,000 Bitcoin miners at one of its Montana locations. The company plans to have approximately 2,250 miners operational in the next three months. The move is part of a strategy to shift Bitcoin mining operations from Michigan to Montana, allowing the Michigan site to focus on hosting services. Ault Alliance is looking to expand its mining operations and explore hosting agreements with third parties.

Ault Alliance, Inc. completes the final distribution of TurnOnGreen, Inc. securities, distributing 140 million shares of common stock and warrants to purchase additional shares to its stockholders. Stockholders received approximately 0.83 shares of TurnOnGreen common stock per share of Ault Alliance common stock owned on the record date of April 15, 2024. The distribution was completed on April 29, 2024. The Company believes this distribution is a significant achievement, setting TurnOnGreen on a path to independent growth.