Ault Inc. sees FY23 revenue up 30% to $153.0M vs. $117.6M last year.

FY23 revenue excludes results from discontinued operations at Ault Global Real Estate Equities – AGREE – as company’s real estate properties, which include recently renovated hotels and land, met the criteria for classification as held for sale. FY23 revenue would have been $169.2M if it had included AGREE. Executive Chairman Milton Ault III said, “The company continues to post strong year-over-year revenue growth. This year, we are pleased to announce that our operations now report under two subsidiaries, Sentinum and Ault Capital Group, to better reflect our diverse and strategic interests. Sentinum’s focus on data center operations and Bitcoin mining, along with Ault Capital Group’s management of our varied operating companies and investments, positions us to better capitalize on the opportunities for our asset base. Additionally, the recent uptick in Bitcoin prices has positively impacted our outlook, enhancing the future prospects for Sentinum and, by extension, the company as a whole. We have previously announced plans to focus on properly monetizing our existing asset base and unlocking the true value of our assets through streamlining operations and maintaining a focus on profitability at each entity. The company has experienced massive growth over the last three years and will concentrate on digesting this growth and optimizing operations while being attentive stewards of our asset base.”