Ault Alliance’s Subsidiary, Sentinum, Announces 105 Bitcoin Mined in March 2024, Generating a Monthly Mining Operations Run Rate of Approximately $6.8 Million

LAS VEGAS--(BUSINESS WIRE)--Apr 3, 2024--

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 105 Bitcoin in March 2024. Of this total, approximately 53 Bitcoin were mined at Sentinum’s data center in Michigan, with the remaining approximately 52 Bitcoin from mining machines hosted with Core Scientific, Inc. The March mining operations represent a current Bitcoin mining operations annual run rate of approximately $82 million worth of Bitcoin. The run rate is based upon a current Bitcoin price of $65,000 per coin.

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William B. Horne, Chief Executive Officer of Ault Alliance, stated, “Sentinum has recently installed the first Antbox mining container at one of its Montana sites. Over the coming weeks and months, Sentinum will slowly move and install miners at its Montana facility to take advantage of the low power cost and make space for the build out of its Michigan facility into an artificial intelligence data center. We continue to be pleased with the progress that Sentinum is making and are excited for the future opportunities presented to us for the Michigan facility.”

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 also notes the upcoming halving of Bitcoin and with that, the halving of the block reward for miners. The Company makes no prediction on the price of Bitcoin prior to or after the upcoming halving but is prepared to adjust its mining operations accordingly.

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.

Michigan Data Center - BitNile Bitcoin Mining Operations (Photo: Business Wire)

BEIJING (AP) — China’s Shenzhou-17 spacecraft returned to Earth Tuesday, carrying three astronauts who have completed a six-month mission aboard the country’s orbiting space station.

The three, Tang Hongbo, Tang Shengjie and Jiang Xinlin, landed at the Dongfeng site in north China’s Inner Mongolia Autonomous Region in the Gobi desert shortly before 6:00 p.m. (1000 GMT). It comes roughly four days after the Shenzhou-18 mission docked with the station with their three-member replacement crew onboard.

China built its own space station after being excluded from the International Space Station, largely because of U.S. concerns over the Chinese military’s total control of the space program amid a sharpening competition in technology between the two geopolitical rivals. This year, the Chinese station is slated for two cargo spacecraft missions and two manned spaceflight missions.

China’s ambitious space program aims to put astronauts on the moon by 2030, as well as bring back samples from Mars around the same year and launch three lunar probe missions over the next four years.

The new crew is made up of Commander Ye Guangfu, 43, a veteran astronaut who took part in the Shenzhou-13 mission in 2021, and fighter pilots Li Cong, 34, and Li Guangsu, 36, who are spaceflight rookies.

They will spend about six months on the three modules of the space station, the Tiangong, which can accommodate up to six astronauts at a time. During their stay, they will conduct scientific tests, install space debris protection equipment, carry out payload experiments, and beam science classes to students on Earth.

China has also said that it eventually plans to offer access to its space station to foreign astronauts and space tourists. With the ISS nearing the end of its useful life, China could in future remain the only country or corporation to maintain a crewed station in orbit.

China conducted its first crewed space mission in 2003, becoming the third country after the former Soviet Union and the U.S. to put a person into space using its own resources. Tiangong was launched in 2021 and completed 18 months later.

The U.S. space program is believed to still hold a significant edge over China’s due to its spending, supply chains and capabilities. However, China has broken out in some areas, bringing samples back from the lunar surface for the first time in decades and landing a rover on the less explored far side of the moon.

The U.S. aims to put a crew back on the lunar surface by the end of 2025 as part of a renewed commitment to crewed missions, aided by private sector players such as SpaceX and Blue Origin.

In this photo released by Xinhua News Agency, the capsule of Shenzhou-17 manned spaceship carrying astronauts Tang Hongbo, Tang Shengjie and Jiang Xinlin touches down at the Dongfeng landing site in north China's Inner Mongolia Autonomous Region, Tuesday, April 30, 2024. The return capsule of China's Shenzhou-17 manned spaceship landed back on Earth Tuesday with three astronauts who have completed a six-month mission aboard the country's orbiting space station. (Bei He/Xinhua via AP)