Ault Alliance's Sentinum Mined 909 Bitcoins this year - Blockchain.News

Ault Alliance's Sentinum Mined 909 Bitcoins this year

Jessie A Ellis Aug 04, 2023 15:00

Ault Alliance's subsidiary, Sentinum, mined 909 Bitcoins from Jan to Jul 2023, with 668 in Michigan and 241 via a partnership with Core Scientific.

Ault Alliance's Sentinum Mined 909 Bitcoins this year

Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company, announced on August 4, 2023, that its wholly-owned subsidiary, Sentinum, Inc., has mined a total of 909 Bitcoins from January 1, 2023, through July 31, 2023. The announcement was made in Las Vegas and includes details of the company's Bitcoin mining activities.

The 909 Bitcoins were mined in two distinct ways. 668 Bitcoins were mined through Sentinum's dedicated data center located in Michigan during the same period. An additional 241 Bitcoins were mined in partnership with Core Scientific, a leader in customizable infrastructure and software solutions for Blockchain networks, since the inception of the partnership on April 6, 2023.

For the month of July 2023 alone, Sentinum mined 145 Bitcoins, leading to a total annualized run rate of 1,740 Bitcoin.

Milton "Todd" Ault, III, Executive Chairman of Ault Alliance, stated, "We are excited to share our notable strides in Bitcoin mining with our stakeholders; this success underscores our strategic efficiency and dedication." He further acknowledged the contributions of Core Scientific in achieving these figures.

The announcement also emphasizes Ault Alliance's commitment to the exploration and utilization of Blockchain technology, contributing to the digital asset industry, and providing value to its shareholders. The company maintains transparency and open communication with its shareholders and the broader market.

Ault Alliance's activities in the Bitcoin mining sector are subject to various factors, including volatility in the Bitcoin market price, fluctuations in mining difficulty levels, and the ability to provide the necessary power for miners. These factors may impact the results of Bitcoin mining production or operations.

Ault Alliance, Inc. is involved in various industries, including Bitcoin mining, artificial intelligence ecosystems, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations, and textiles. The company also extends credit to select entrepreneurial businesses through a licensed lending subsidiary.

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