Ault Alliance, a leading diversified holding company, proudly announces a remarkable achievement in Bitcoin mining through its subsidiary Sentinum, Inc., and a strategic partnership with Core Scientific. The company has successfully mined a total of 909 Bitcoins from January 1, 2023, to July 31, 2023, reflecting its commitment to exploring blockchain technology and delivering value to its stakeholders.

During this period, Sentinum’s dedicated data center in Michigan played a pivotal role in mining 668 Bitcoins. Additionally, the partnership with Core Scientific, a prominent provider of customizable infrastructure and software solutions for blockchain networks, contributed 241 Bitcoins since their collaboration began on April 6th, 2023.

Milton “Todd” Ault, III, Executive Chairman of Ault Alliance, expressed enthusiasm for the significant progress in Bitcoin mining. He emphasized the company’s strategic efficiency and dedication to leveraging the growing opportunities in the digital asset sector. Ault extended his gratitude to Core Scientific for their invaluable contributions, which played a crucial role in achieving this impressive feat.

Ault Alliance remains steadfast in its commitment to harnessing blockchain technology’s potential to contribute to the digital asset industry while delivering substantial value to its shareholders. The company is dedicated to transparency and maintaining open communication with its stakeholders and the broader market.

The unaudited update reflects Ault Alliance’s dedication to providing transparent and timely information to its shareholders and investors.

The company acknowledges that estimates and projections are subject to the volatile nature of the Bitcoin market price, fluctuations in mining difficulty levels, and other factors that may impact Bitcoin mining production or operations.

For more information on Ault Alliance and its subsidiaries, interested parties are encouraged to review the company’s public filings and press releases available under the Investor Relations section on their official website.

About Ault Alliance, Inc.

Ault Alliance, Inc. is a leading diversified holding company committed to growth through the acquisition of undervalued businesses and disruptive technologies with a global impact. The company operates a state-of-the-art data center for Bitcoin mining and provides colocation and hosting services for emerging artificial intelligence ecosystems and other industries. Ault Alliance’s mission-critical products support a diverse range of industries, including the metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations, and textiles. The company also extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located in Las Vegas, NV.

Forward-Looking Statements

This press release contains forward-looking statements that are predictive in nature and depend on future events or conditions. These statements are based on current beliefs and assumptions and 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 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 U.S. Securities and Exchange Commission.