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Ault Alliance’s Subsidiary, Sentinum, Announces 89 Bitcoin Mined in April 2024

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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.

Positive
  • Sentinum, a subsidiary of Ault Alliance, successfully mined approximately 89 Bitcoin in April 2024, showcasing growth in the company's mining operations.

  • Ault Alliance is expanding its mining locations, with the recent installation of miners in Montana, indicating a strategic approach to mining activities.

Negative
  • The volatility in the Bitcoin market price and fluctuation in mining difficulty level pose risks to the company's mining production and operations.

  • Uncertainty regarding the future price of Bitcoin after the recent halving may impact the company's mining operations and profitability.

LAS VEGAS--(BUSINESS WIRE)-- Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), announced today that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”) mined approximately 89 Bitcoin in April 2024. Of this total, approximately 46 Bitcoin were mined at Sentinum’s data center in Michigan, with the remaining approximately 43 Bitcoin having been mined using the miners hosted by Core Scientific, Inc.

William B. Horne, Chief Executive Officer of Ault Alliance, stated, “The Company recently announced that Sentinum has now installed the first miners at one of its two Montana mining locations. We are excited with the progress we are making and are looking forward to bringing our power costs down as well as focusing on profitable mining operations after the recent Bitcoin halving.”

Ault Alliance notes that all estimates and other projections are subject to the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the ability to build out and provide the necessary power for miners, and other factors that may impact the results of Bitcoin mining production or operations. The Company makes no prediction with respect to the price of Bitcoin after the recent halving at any time in the future but is prepared to adjust its mining operations as it deems appropriate.

For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at www.Ault.com or at www.sec.gov.

About Ault Alliance, Inc.

Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties.

Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8- K. All filings are available at www.sec.gov and on the Company’s website at www.Ault.com.

Ault Alliance Investor Contact:

IR@Ault.com or 1-888-753-2235

Source: Ault Alliance, Inc.

FAQ

<p>How many Bitcoin did Sentinum, a subsidiary of Ault Alliance, mine in April 2024?</p>

Sentinum mined approximately 89 Bitcoin in April 2024, with 46 Bitcoin mined in Michigan and 43 mined using miners hosted by Core Scientific, Inc.

<p>What recent development did Ault Alliance announce regarding its mining operations?</p>

Ault Alliance announced the installation of miners at one of its two Montana mining locations, signaling progress and expansion in its mining activities.

<p>What factors may impact the results of Bitcoin mining production or operations, according to Ault Alliance?</p>

Ault Alliance notes that factors such as Bitcoin market price volatility, mining difficulty level fluctuations, and power supply availability may impact the results of Bitcoin mining production or operations.

Ault Alliance, Inc.

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