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Ault Alliance | 8-K: Current report

SEC announcement ·  Apr 30 04:37
Summary by Futu AI
On April 29, 2024, Ault Alliance, Inc., a diversified holding company, reported a record preliminary revenue of $36 million for the first quarter of 2024. This figure excludes $3 million from the company's hotel operations, which are now reclassified into continuing operations following the cessation of their marketing for sale. The impressive revenue growth was largely driven by Sentinum, Inc., which saw a 51% increase in revenue due to rising Bitcoin prices, and Circle 8 Crane Services, LLC, which maintained steady revenue. Ault Alliance's Founder and Executive Chairman, Milton "Todd" Ault III, expressed optimism for the company's future and its strategic focus. The company, headquartered in Las Vegas, Nevada, operates across various sectors including data center operations, Bitcoin mining, AI ecosystems, and more. The report also contains forward-looking statements, cautioning investors about relying on these for investment decisions.
On April 29, 2024, Ault Alliance, Inc., a diversified holding company, reported a record preliminary revenue of $36 million for the first quarter of 2024. This figure excludes $3 million from the company's hotel operations, which are now reclassified into continuing operations following the cessation of their marketing for sale. The impressive revenue growth was largely driven by Sentinum, Inc., which saw a 51% increase in revenue due to rising Bitcoin prices, and Circle 8 Crane Services, LLC, which maintained steady revenue. Ault Alliance's Founder and Executive Chairman, Milton "Todd" Ault III, expressed optimism for the company's future and its strategic focus. The company, headquartered in Las Vegas, Nevada, operates across various sectors including data center operations, Bitcoin mining, AI ecosystems, and more. The report also contains forward-looking statements, cautioning investors about relying on these for investment decisions.
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