Ault Alliance, Inc. announced its wholly owned subsidiary, Sentinum, Inc. (?Sentinum?), plans to begin operations at its new Montana data center in January 2024. The opening of this new data center will expedite the Company?s plans to improve its profitability and efficiency by transitioning some of its miners from a third party hosted Bitcoin mining operation to its own facility in Montana. The Company anticipates the initial transition of its mining hardware will begin in January, with a focus on optimizing operational costs and improving cash flow.

The new Montana data center consists of two sites and once operational shall have a combined initial capacity of 20 megawatts (?MWs?). The Montana data center will begin operations in a two-pronged approach by bringing one 10 MW site online in January, followed by the second 10 MW site shortly thereafter. Sentinum believes that the capacity of the two Montana sites can be significantly expanded and has contracted with the local utility to begin an electrical load study in order to better understand the opportunities for power upgrades at its Montana sites.

Pending the results of the study, Sentinum would also require additional financial resources in order to increase the capacity.