• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Upcoming Events
    • Wiki Finance EXPO, Singapore (May 27, 2023)
    • Radical Finance, Hong Kong & Shenzhen (May 29-30, 2023)
    • Money 20/20, Amsterdam (June 6-8, 2023)
    • WFIS, Nigeria (June 6-7, 2023)
    • Crypto Expo Asia, Singapore (June 7-8, 2023)
    • BLOCK3000: Blockchain Battle, Lisbon (July 6-7, 2023)
    • NFT Show Europe, Valencia (July 14-15, 2023)
    • CyFrica, Kenya (July 18-19, 2023)
    • TOKEN2049, Singapore (September 13-14, 2023)
    • Blockchain Expo Europe, Amsterdam (September 26-27, 2023)
    • FinTech Festival Asia, Thailand (September 27-28, 2023)
    • European Blockchain Convention, Barcelona (October 24-26, 2023)
    • Future Tech Event, Oman (November, 2023)
  • Past Events
    • Event Horizon
    • Blockchain Life
    • BlockShow Europe

Crypto Reporter

Online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies


Join us on Telegram: https://t.me/crypto_reporter
Visit Radical Finance Asia on May 29-30, 2023
  • News
    • News Feed
    • Cryptocurrencies
      • Bitcoin
      • Altcoins
    • Payment solutions
    • Exchanges
      • Binance
      • bitFlyer
      • Bitfinex
      • CBOE
      • CME
      • Coinbase
      • Coincheck
      • Coinfloor
      • Nasdaq
      • Poloniex
    • Regulations
      • Australia
      • Belarus
      • China
      • Europe
      • India
      • Iran
      • Israel
      • Japan
      • North Korea
      • Philippines
      • Portugal
      • Russia
      • South Korea
      • Thailand
      • Turkey
      • Venezuela
      • Vietnam
      • United States
    • Blockchain platforms
    • Crypto news in brief
    • Stats & trends
    • Reviews
      • Ambrosus
      • ATN
      • Dash
      • Green Power Exchange
      • Power Ledger
      • ShapeShift
      • Waltonchain
      • Cryptocurrency market capitalization can top 4 trillion USD, under conservative estimates
    • Opinion
    • Sponsored
  • Press Releases

Ault Alliance Announces Its Subsidiary, BitNile, Inc., Has Deployed and Energized a Total of 19,000 Miners at Its Michigan Data Center and Through Its Bitcoin Mining Collaboration With Core Scientific

May 24, 2023 By Business Wire

BitNile Has Energized 19,000 of Its 19,900 Miners; When Fully Deployed, Will Increase Hash Rate from 2.1 Exahashes to 2.2 Exahashes per Second, at an Annualized Revenue Run Rate of $56 Million


LAS VEGAS--(BUSINESS WIRE)--$AP #19000_Bitcoin_miners--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”), has announced its wholly owned subsidiary, BitNile, Inc. (“BNI”), has deployed and energized approximately 9,000 of its Bitcoin miners at its Michigan data center. The Company also announced that BNI has completed its full deployment and energization of 10,000 Bitcoin miners that are being hosted through its strategic collaboration with Core Scientific, Inc. (“Core Scientific”), a prominent provider of high-performance blockchain computing data centers and software solutions.

Milton “Todd” Ault III, Founder and Executive Chairman of Ault Alliance, expressed his enthusiasm, “I’m thrilled to announce the successful deployment of nearly the entirety of our existing Bitcoin mining machines across our Michigan facility as well as those managed by Core Scientific. This achievement underscores our commitment to our stockholders and strategic partners. Our enhanced partnership with Core Scientific allows our ongoing expansion in the Bitcoin mining sector.”

Ault elaborated, “Leveraging the impressive power capacity of our Michigan data center with 28 megawatts (“MW”), along with Core Scientific’s 30 MW, we have secured an impressive 58 MW of power capacity, operating approximately 19,000 of our 19,900 miners, which, when fully deployed, will offer a substantial hash rate of 2.2 exahashes per second.”

He concluded, “Given the prevailing market conditions, which includes a Bitcoin trading price of approximately $27,200 and a mining difficulty of 49.55 trillion, our mining operations are projected to generate $56 million in annualized revenue. This substantial contribution will play a vital role in reaching our targeted consolidated revenue of $200 million for 2023.”

Ault Alliance notes that all estimates and other projections are subject to the actual installation of Bitcoin miners, the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, and other factors that may impact the results of Bitcoin mining production or operations.

For more information on Ault Alliance and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company’s public filings and press releases available under the Investor Relations section at www.ault.com or available 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 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.


Contacts

IR@Ault.com or 1-888-753-2235

Filed Under: News Feed

Primary Sidebar

Follow Us

Press Releases

Solid Ascent: TMS Network (TMSN) Climbs as Render Token (RNDR) and Monero (XMR) Lag Behind

May 30, 2023

XRP Price Up 10%, Litecoin (LTC) and Tradecurve (TCRV) Tipped for Larger Gains

May 30, 2023

TMS Network (TMSN) Writes Epic Crypto Saga, Filecoin (FIL) And Arbitrum (ARB) Just Footnotes

May 29, 2023

5 Reasons Why Bitcoin Could Reach $100,000 in 2024

May 29, 2023

Tradecurve Will Surpass Meme Coins Like Baby Doge Coin (BabyDoge) And Shiba Inu (SHIB) In 2023

May 29, 2023

Radical Finance 2023 Asia

Money 20/20

WFIS 2023

NFT Show Europe 2023

CyFrica 2023

Blockchain Expo Europe 2023

Fintech Festival Asia 2023

European Blockchain Convention 2023

Blockchain Expo Global 2023

Footer

Crypto Reporter is an online magazine about cryptocurrencies, NFTs, DeFi, GameFi and other blockchain technologies
About us
Contact us
Submit press-release

Search

2017-2023 Crypto Reporter