© Reuters Sentinum from Ault Alliance (AULT) mined 103 BTC in February 2024
Alianza Ault, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), announced today that its wholly owned subsidiary, Sentinum, Inc. (“sentinel” mined approximately 103 Bitcoin in February 2024. Of this total, approximately 52 Bitcoin were mined at the Sentinum data center in Michigan, and the remaining approximately 51 Bitcoin were mined from mining machines hosted at Core Scientific, Inc. The February 2024 mining run rate was approximately $7.4 million representing the highest monthly run rate for Bitcoin miners in the company's history. February mining operations represent a current annual run rate of Bitcoin mining operations of approximately $89 million worth of Bitcoin. The run rate is based on a current Bitcoin price of $72,000 per coin.
William B. Horne, CEO of Ault Alliance, said: “Sentinum continues to work to improve operations and will begin transferring machines from its Michigan site to its Montana site, which is expected to occur this month. A move of machines to our Montana plant will allow us to focus on the expansion of our Michigan plant. This expansion is expected to support the rapid growth of high-performance computing and artificial intelligence use cases. Obviously, if the recent rally in Bitcoin prices holds, Sentinum expects to hit a new monthly run rate record by March 2024.”
Ault Alliance notes that all estimates and other projections are subject to the volatility of the Bitcoin market price, fluctuation in the level of mining difficulty, the ability to develop and provide the necessary power to miners and other factors that may affect Bitcoin's results. production or mining operations. The Company also takes note of the upcoming Bitcoin halving and with it, the halving of the block reward for miners. The Company does not make any predictions about the price of Bitcoin before or after the next halving, but is prepared to adjust its mining operations accordingly.
For more information about Ault Alliance and its subsidiaries, Ault Alliance recommends that shareholders, investors and any other interested parties read Ault Alliance's public filings and press releases available in the Investor Relations section of www.Ault.com or in www.sec.gov.
