Ault plans to hold from 5% to 20% of the Bitcoin it mines

Ault Alliance announced that the Company has decided that it will start holding up to 20% and minimum of 5% of the Bitcoin it mines on the Company’s balance sheet. This strategic move is part of the Company’s broader plan to adjust its asset management approach to ultimately create a more valuable enterprise and drive stockholder value. Ault Alliance, through its wholly owned subsidiary, Sentinum, has made significant strides in Bitcoin mining, with December 2023 marking the highest single monthly run rate for Bitcoin miners in the Company’s history, as Sentinum mined approximately 151 Bitcoin during the month. Around 77 Bitcoin were mined at Sentinum’s data center in Michigan, while approximately 74 Bitcoin came from mining machines hosted with Core Scientific. This monthly run rate amounted to about $6.9M, setting an annual run rate for current Bitcoin mining operations at approximately $83.3M, based on a Bitcoin price of around $46,000.