Ault Alliance Subsidiary, Sentinum, Initiates Construction on its Montana Data Center

Ault Alliance, a diversified holding company (“Ault Alliance,” or the “Company”), announced that its wholly owned subsidiary, Sentinum, Inc., formerly known as BitNile, Inc. (“Sentinum”) has commenced construction in Montana of its next data center. As previously disclosed, Sentinum’s wholly owned subsidiary, BNI Montana, LLC, earlier this year acquired land lease and power agreements to develop operational data centers at the site, primarily for Bitcoin mining operations.

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Once completed, the anticipated initial power capacity is up to 20 megawatts, which can support approximately 6,500 S19j Pro Antminers. Sentinum believes the site has the potential to significantly expand, though an electrical load feasibility study would need to be performed to determine the maximum expansion ability, and Sentinum would also require additional financial resources in order to increase the capacity. Sentinum anticipates that the data centers will be completed and ready for operations before the end of 2023.

Milton “Todd” Ault, III, the Company’s Executive Chairman, stated, “We are thrilled to break ground on our Montana facility. This reinforces our commitment to expand and diversify our data center colocation and hosting services. Once completed, we anticipate moving our Bitcoin miners that are currently at third-party hosting facilities to Montana, where we can operate them more efficiently and with greater profitability. In parallel with the data center buildout, we are currently working with the local utility on details and timing of the load study.”

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Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and offers colocation and hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary.

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