LAS VEGAS - Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company, announced this week the delivery and setup of 10 Antbox mobile mining containers at its new Sentinum data center in Montana.
The company expects another 26 containers to arrive over the coming months. Sentinum, a wholly owned subsidiary of Ault Alliance, is in the process of energizing the site, with completion expected next week. The first batch of Bitcoin miners is anticipated to be operational by the end of March 2024.
The Montana facility, which is being set up for Bitcoin mining, initially increases Sentinum's power capacity by 10 megawatts (MW). Plans for a second site in the state are underway, which could double the capacity to approximately 20MW, with room for further expansion pending the results of an electrical load study in collaboration with the local utility provider. Sentinum aims to scale up the Montana site's capacity subject to additional funding and the outcome of the load study.
Ault Alliance's CEO, William B. Horne, indicated that operations are being optimized, with equipment being transferred from the Michigan site to Montana. This move allows the Michigan facility, which is equipped for high-performance computing and artificial intelligence applications, to focus on expansion. The Michigan site was designed with minimal exposure to mining operations in mind.
The Michigan data center is noted for its redundant fiber optic connectivity and significant potential for power expansion. This strategic shift in resources from Michigan to Montana is part of the company's broader plan to enhance its computing capabilities in areas such as artificial intelligence, while simultaneously growing its Bitcoin mining operations.
This development is part of Ault Alliance's ongoing strategy to invest in undervalued businesses and disruptive technologies with a global impact. The company has a diverse portfolio, including a data center that mines Bitcoin and offers hosting services, as well as operations in various industries like the metaverse, oil exploration, and defense/aerospace.
The information reported is based on a press release statement from Ault Alliance, Inc.
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