{"id":451604,"date":"2021-03-05T06:33:29","date_gmt":"2021-03-05T11:33:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=451604"},"modified":"2021-03-05T06:33:29","modified_gmt":"2021-03-05T11:33:29","slug":"ault-global-holdingsresumes-bitcoin-mining","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ault-global-holdingsresumes-bitcoin-mining\/","title":{"rendered":"Ault Global HoldingsResumes Bitcoin Mining"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Ault Global Holdings<\/b><b>Resumes Bitcoin Mining<\/b><\/p>\n<p><b>Alliance Cloud Services Begins Initial Buildout of 617,000 Square Foot Michigan Cloud Data Center Providing Up to 300MW of Low-Cost Power<\/b><\/p>\n<p>LAS VEGAS&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nAult Global Holdings, Inc. (NYSE American: DPW) a diversified holding company (the \u201c<b>Company<\/b>\u201d), announced today that it has resumed bitcoin mining through its wholly-owned subsidiary, Ault Alliance, Inc., at its 617,000 square foot energy-efficient facility in Michigan. The Company also announced that it has begun the initial 30,000 square foot data center buildout at the Michigan facility. The Company plans to ramp up its bitcoin mining operations after the initial buildout is completed during the quarter ending June 30, 2021.\n<\/p>\n<p id=\"news-body-cta\">This press release features multimedia. View the full release here: <a href=\"https:\/\/www.businesswire.com\/news\/home\/20210305005152\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210305005152\/en\/<\/a><\/p>\n<p>\nThe Michigan facility provides up to 300MWs of critical power capacity under a perennial energy abatement agreement with guaranteed pricing at relatively low energy rates for the next five years. Securing a low-cost source of energy is a critical component of profitable cryptocurrency mining operations. While the Company believes the Michigan facility and its anticipated future operations will be successful, the Company cannot assure you that its expectations will materialize in a timely manner, if at all.\n<\/p>\n<p>\n\u201cSince we abandoned our bitcoin mining activities approximately a year ago, much has changed for the Company,\u201d said Milton \u201cTodd\u201d Ault, III, the Company\u2019s Executive Chairman. \u201cWe have significantly strengthened our balance sheet, which allows us to invest in growing our cryptocurrency mining operations. We believe that we are now in a position to better withstand the volatility associated with cryptocurrency mining, as we have secured a low-cost energy source that we control. We believe our improved capital structure combined with low energy costs at a facility we own positions the Company for success.\u201d\n<\/p>\n<p>\nFor more information on Ault Global Holdings and its subsidiaries, the Company recommends that stockholders, investors and any other interested parties read the Company\u2019s public filings and press releases available under the Investor Relations section at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.AultGlobal.com&amp;esheet=52391388&amp;newsitemid=20210305005152&amp;lan=en-US&amp;anchor=www.AultGlobal.com&amp;index=1&amp;md5=44807c0122ad24e7c04105d0df1e6663\">www.AultGlobal.com<\/a> or available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=52391388&amp;newsitemid=20210305005152&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=2&amp;md5=63289a7f83d12670253fa8b064437a9f\">www.sec.gov<\/a>.\n<\/p>\n<p><b>About Ault Global Holdings, Inc.<\/b><\/p>\n<p>\nAult Global Holdings, 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, the Company provides mission-critical products that support a diverse range of industries, including defense\/aerospace, industrial, automotive, telecommunications, medical\/biopharma, and textiles. In addition, the Company extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Global Holding\u2019s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.AultGlobal.com&amp;esheet=52391388&amp;newsitemid=20210305005152&amp;lan=en-US&amp;anchor=www.AultGlobal.com&amp;index=3&amp;md5=9c954869fe90d0fd056bf5e4f275a3dd\">www.AultGlobal.com<\/a>.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release contains \u201cforward looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as \u201cbelieves,\u201d \u201cplans,\u201d \u201canticipates,\u201d \u201cprojects,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cstrategy,\u201d \u201cfuture,\u201d \u201copportunity,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cpotential,\u201d or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that 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 any of 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\u2019s business and financial results are included in the Company\u2019s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company\u2019s Forms 10-K, 10-Q and 8-K. All filings are available at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=52391388&amp;newsitemid=20210305005152&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=4&amp;md5=c5237ed55469adff79b3d13a330b766c\">www.sec.gov<\/a> and on the Company\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.AultGlobal.com&amp;esheet=52391388&amp;newsitemid=20210305005152&amp;lan=en-US&amp;anchor=www.AultGlobal.com&amp;index=5&amp;md5=0513a58d0554acf4a4ecb68cee15856e\">www.AultGlobal.com<\/a>.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210305005152r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210305005152\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210305005152\/en\/<\/a><\/span><\/p>\n<p><a rel=\"nofollow\" href=\"mailto:IR@AultGlobal.com\">IR@AultGlobal.com<\/a> or 1-888-753-2235\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America Nevada Michigan<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Data Management Technology Finance Consulting Banking<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210305005152\/en\/1004833\/3\/Coolisys_Technologies_-_Corporate_Logo_Medium2_Rv_09172020.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210305005152\/en\/1027309\/3\/Ault_Global_Holdings_Corporate_Logo_01192021.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Ault Global HoldingsResumes Bitcoin Mining Alliance Cloud Services Begins Initial Buildout of 617,000 Square Foot Michigan Cloud Data Center Providing Up to 300MW of Low-Cost Power LAS VEGAS&#8211;(BUSINESS WIRE)&#8211; Ault Global Holdings, Inc. (NYSE American: DPW) a diversified holding company (the \u201cCompany\u201d), announced today that it has resumed bitcoin mining through its wholly-owned subsidiary, Ault Alliance, Inc., at its 617,000 square foot energy-efficient facility in Michigan. The Company also announced that it has begun the initial 30,000 square foot data center buildout at the Michigan facility. The Company plans to ramp up its bitcoin mining operations after the initial buildout is completed during the quarter ending June 30, 2021. This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20210305005152\/en\/ &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ault-global-holdingsresumes-bitcoin-mining\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ault Global HoldingsResumes Bitcoin Mining&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-451604","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ault Global HoldingsResumes Bitcoin Mining - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ault-global-holdingsresumes-bitcoin-mining\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ault Global HoldingsResumes Bitcoin Mining - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Ault Global HoldingsResumes Bitcoin Mining Alliance Cloud Services Begins Initial Buildout of 617,000 Square Foot Michigan Cloud Data Center Providing Up to 300MW of Low-Cost Power LAS VEGAS&#8211;(BUSINESS WIRE)&#8211; Ault Global Holdings, Inc. (NYSE American: DPW) a diversified holding company (the \u201cCompany\u201d), announced today that it has resumed bitcoin mining through its wholly-owned subsidiary, Ault Alliance, Inc., at its 617,000 square foot energy-efficient facility in Michigan. The Company also announced that it has begun the initial 30,000 square foot data center buildout at the Michigan facility. The Company plans to ramp up its bitcoin mining operations after the initial buildout is completed during the quarter ending June 30, 2021. This press release features multimedia. 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(NYSE American: DPW) a diversified holding company (the \u201cCompany\u201d), announced today that it has resumed bitcoin mining through its wholly-owned subsidiary, Ault Alliance, Inc., at its 617,000 square foot energy-efficient facility in Michigan. The Company also announced that it has begun the initial 30,000 square foot data center buildout at the Michigan facility. The Company plans to ramp up its bitcoin mining operations after the initial buildout is completed during the quarter ending June 30, 2021. This press release features multimedia. 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