Ault Alliance sees 2024 revenue $230M-$240M

Ault Alliance outlined its revenue objectives and other corporate initiatives for 2024. The Company is targeting gross consolidated revenue between $230M and $240M. Additionally, Ault Alliance reiterates that it has completed the repayment of its $38.5M senior secured debt as of December 14, 2023. The Company is updating the market with these projections based upon substantial growth at Sentinum, its data center operations and Bitcoin mining sector, further complemented by the strong performance of its crane rental business, Circle 8 Crane Services. The upcoming exchange offer alongside the debt repayment highlight the Company’s efforts to improve its capital structure and future capital management strategy. The significant growth in Sentinum’s operations, along with Circle 8’s exceptional performance, demonstrate the Company’s dedication to its core verticals and commitment to these industries. Milton Ault III, Executive Chairman of Ault Alliance, emphasized, “Our revenue targets for 2024, the completed debt repayment, and our focus on our key business segments reflect our diversified approach to business growth and our commitment to enhancing stockholder value. Each of these sectors plays a critical role in our collective success, underscoring our ability to capitalize on emerging market opportunities and technological advancements.”