LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced its preliminary financial results for the twelve-month period ended December 31, 2023. Full year 2023 highlights include: Preliminary revenue for the year ended December 31, 2023 increased by $35.4 million, or 30%, to a record $153.0 million, from $117.6 million for the year ended December 31, 2022; Revenue excludes results from discontinued operation ...

LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced strategic plans for the data centers of its wholly owned subsidiary Sentinum, Inc. (“Sentinum”). The Company plans to relocate, when possible, its Bitcoin mining operations to the Montana data center and to focus its Michigan facility solely on artificial intelligence (“AI”) hyperscale development. To support these plans, the Company is targeting to expand ...

LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced that it currently anticipates utilizing the stock repurchase program (the “Repurchase Program”) that was previously authorized by its Board of Directors (the “Board”) in December 2021. The Repurchase Program would start no earlier than two business days after the filing of the Company’s Form 10-Q for the quarter ending March 31, 2024. Under the Repurchase ...

LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), announced today it has determined not to pursue new acquisitions during 2024, though it may continue to make strategic investments. Given the Company’s concentration on maximizing the value of its existing assets, it has taken proactive steps to reduce its total headcount, which are expected to save more than $2 million in payroll expenses for 2024. This strategic shif ...

LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), announced today that its wholly owned subsidiary, Sentinum, Inc. (“Sentinum”) mined approximately 121 Bitcoin in January 2024. Of this total, approximately 65 Bitcoin were mined at Sentinum’s data center in Michigan, with the remaining approximately 56 Bitcoin from mining machines hosted with Core Scientific, Inc. (“Core”). The January mining operations represent a curren ...

LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today issued a letter from its Executive Chairman to its valued stockholders. Dear Stockholders: As Executive Chairman of the Company, I wish to share the latest updates and insights into the Company’s strategic direction, and to address the current perception of the Company’s value and potential. 1. Strategic Reorganization into Two Key Entities I am thrilled to anno ...

LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today issued a letter from its Executive Chairman to its valued stockholders. Dear Stockholders: We are pleased to provide you with a business update as of the date of this letter. Our commitment to transparency and effective communication drives us to share clear and concise information about the Company’s financial status and strategic plans. As of January 23, 2024, ...

LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), today announced that its Board of Directors has declared a monthly cash dividend of $0.2708333 per share of the Company’s outstanding 13.00% Series D Cumulative Redeemable Perpetual Preferred Stock. The record date for this dividend is January 31, 2024, and the payment date is Monday, February 12, 2024. Link to NYSE quote for the Company’s 13.00% Series D Cumulative Rede ...

Ault Alliance (NYSEMKT:AULT) stock is falling on Tuesday after the company provided investors with results from its annual meeting of stockholders.Ault Alliance notes that the shareholder meeting resulted in all seven directors for its Board being approved by stockholders. Traders also approved Marcum LLP as the company’s independent registered public accounting firm.Included in the shareholder meeting was a vote for a reverse stock split. Investors approved this at a rate of no less than one-for-five and n ...

LAS VEGAS--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance,” or the “Company”), announced today the voting results from the annual meeting of stockholders (the “Meeting”) held today, January 12, 2024. At the Meeting, the stockholders voted on three proposals, each of which is described in more detail in the Company’s definitive proxy statement (the “Proxy Statement”) previously filed with the U.S. Securities and Exchange Commission. At the Meeting, ...