Ault Inc. sees FY23 revenue ‘more than’ $200M, one estimate $156.27M

Ault Alliance provided its 2023 revenue guidance of more than $200M. This represents a growth of approximately 50% from its 2022 unaudited revenue of $134M. The significant projected growth is attributed to various factors, including a full year of Circle 8 crane operations, which was acquired in December 2022, the planned expansion of Bitcoin mining operations in Montana and revenue from the BitNile.com metaverse platform, which is expected to be consolidated into the company’s financial results in 2023.