Ault Alliance Announces Strategic Corporate Alignment
Sep 25, 2023 6:30 AM
To adapt to current market dynamics,
- Circle 8 will continue to focus its attention on supplying premier crane and heavy machinery rental services. Circle 8 is focused on the energy sector and serve a diverse client base in the South Central U.S.
Sentinum is positioned to address the surging demand for data center infrastructure to provide colocation and hosting services for the emerging artificial intelligence ecosystems and other industries. With its existing facilities along with its planned buildout of its
Montanaand Texassites, Sentinum is well-positioned to deliver top of the line data center solutions. The Company’s Bitcoin mining operations are hosted by Sentinum with 14,599 S19j Pro Antminers and 4,628 S19 XP Antminers in operation.
Ault Venture Groupwill house all other subsidiaries and ventures and serve as the investment cornerstone of Ault Alliance. Notably, Ault Venture Groupwill house Ault Lending, Ault Global Real Estate Equities, and Ault Alliance’s ownership of other public companies such as The Singing Machine Company, Inc, and BitNile Metaverse, Inc.
After this strategic restructuring, the Company will embark on an extensive assessment of its existing assets and investments to determine potential strategic dispositions. The Company has already begun certain strategic dispositions including the distribution of securities of
Milton “Todd” Ault III, Executive Chairman of
The Company plans to use this restructuring as an opportunity to not only evaluate its existing assets, but to focus on fine tuning operations, pushing for efficiency throughout the organization, and strategically position each subsidiary to properly capitalize on their unique growth plans.
For more information on
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
Ault Alliance Investor Contact:
IR@Ault.com or 1-888-753-2235