Ault Alliance’s Subsidiary, Sentinum, Announces Signing of First Non-Mining Related Colocation/Hosting Agreement
April 25 2024 - 6:30AM
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”) has signed its first non-mining
colocation/hosting agreement utilizing the Tier 3 portion of its
approximately 100,000 square foot enterprise-class data center. The
data center, operated by its subsidiary, Alliance Cloud Services,
LLC, is located within a 617,000 square foot building on a
34.5-acre campus in southwestern Michigan. The data center,
strategically positioned near power production sites, boasts a
current capacity of approximately 30 megawatts (“MWs”) of
power. However, the facility has the opportunity to expand to 300
MW, subject to the Company’s receipt of necessary approvals and
adequate funding, which it may or may not obtain.
William B. Horne, Chief Executive Officer of Ault Alliance,
remarked, “This marks the successful achievement of another
milestone in our efforts to continue developing and deploying our
resources provided through the Michigan data center. We are in the
process of reallocating deployed infrastructure resources to
support High Performance Computing and Artificial Intelligence use
cases, which will require that we move a portion of our Bitcoin
mining operations to our Montana sites. Although our first
customer’s power requirements only represent a small amount of the
total available capacity, we are in discussions with others which
have expressed an interest in acquiring a significant amount of the
currently available additional capacity.”
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.
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Ault Alliance Investor Contact: IR@Ault.com or
1-888-753-2235
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