Core Insights - Ault Alliance's subsidiary, Sentinum, mined approximately 103 Bitcoin in February 2024, achieving a monthly run rate of approximately $7.4 million, the highest in the company's history [1] - The annual run rate for Bitcoin mining operations is approximately $89 million based on a Bitcoin price of $72,000 per coin [1] Mining Operations - Of the 103 Bitcoin mined, approximately 52 were from Sentinum's Michigan data center, while about 51 were from machines hosted with Core Scientific, Inc. [1] - Sentinum plans to transfer mining machines from Michigan to Montana to support expansion and focus on High-Performance Computing and Artificial Intelligence [2] Future Projections - The company anticipates achieving a new monthly run rate record for March 2024 if the recent increase in Bitcoin prices is sustained [2] - Ault Alliance acknowledges the volatility in Bitcoin prices and the upcoming halving of Bitcoin, which will reduce the block reward for miners [2]
Ault Alliance's Subsidiary, Sentinum, Announces 103 Bitcoin Mined in February 2024, Achieving Record Monthly Run Rate of Approximately $7.4 Million