Ault Alliance, Inc. (NYSE American: AULT), a diversified holding
company (“Ault Alliance,” or the “Company”), today
announced strategic plans for the data centers of its wholly owned
subsidiary Sentinum, Inc. (“Sentinum”). The Company plans to
relocate, when possible, its Bitcoin mining operations to the
Montana data center and to focus its Michigan facility solely on
artificial intelligence (“AI”) hyperscale development. To
support these plans, the Company is targeting to expand the
capacity of its Michigan facility up to 300 megawatts
(“MWs”), as well as a significant expansion of the Montana
sites.
Building on the foundation of the Michigan site, acquired three
years ago and currently boasting approximately 30 MWs of energized
capacity, Sentinum seeks to become a leader in hosting high-density
computing and AI hyperscale operations. The initiative aims to
significantly enhance power capacity at both sites, with the
Company actively seeking infrastructure financing and exploring
partnerships to ensure full funding for the expansion.
Sentinum serves the AI and data processing sectors, providing
critical colocation and hosting solutions through its wholly owned
subsidiary, Alliance Cloud Services, LLC. The Michigan data center,
located in southern Michigan, utilizes approximately 100,000 square
feet within a larger 617,000 square foot building, located on a
34.5-acre site. Situated advantageously near power sources, it
currently utilizes 28 MWs of eco-friendly power, with plans to
increase capacity up to approximately 300MWs over the next three to
five years, pending adequate funding.
In addition, Sentinum is on track to have its new facility in
Montana operational by March 2024, initially boosting power
capacity by 10MWs, and has current capacity of approximately 20MWs,
with a vision for further expansion. Sentinum believes that the
capacity of the Montana sites can be significantly expanded and has
begun an electrical load study in collaboration with the local
utility to explore potential power upgrades. Sentinum anticipates
expanding the capacity at Montana to the extent possible, after
determination of the completed load study, subject to additional
funding.
Milton “Todd” Ault III, Founder and Executive Chairman of Ault
Alliance, commented on the strategic vision and market response,
stating, “Our foresight into the data center domain, together with
the potential impact of AI, has positioned us at the cusp of what
we believe will be significant growth. The current interest in our
Michigan site and increased demand we are seeing in the market
underscore the critical role of AI in shaping the future of the
Company. We are fully committed to capitalizing on this momentum,
steering Ault Alliance towards becoming a significant player in the
AI-driven technological landscape.”
The expansion efforts highlight Sentinum’s readiness to invest
in substantial growth potential, with a keen interest in
partnerships and financial avenues to support these ambitions.
William B. Horne, the Company’s Chief Executive Officer,
emphasized, “Our strategic efforts in Michigan and Montana are a
testament to our commitment to expanding our technology
infrastructure. By actively seeking financing and strategic
partnerships, we are laying the groundwork for substantial
advancements in our capacity to support the AI and large language
model infrastructure needs.”
If successful in securing the necessary resources, this
ambitious expansion would allow Sentinum to scale its operations
and reinforce its position as a technology sector company,
committed to advancing digital transformation and
sustainability.
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 a 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.
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Ault Alliance Investor Contact: IR@Ault.com or
1-888-753-2235
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