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     117  0 Kommentare Ault Alliance Forecasts $200 Million Revenue for 2023 in Mid-Year Update

    Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”), today provided a mid-year update forecasting a promising outlook for the remainder of 2023.

    Ault Alliance anticipates a considerable surge in revenue for 2023, projecting revenue of approximately $200 million, a significant uptick from the previous year’s $134 million.

    Sector Updates:

    Energy & Infrastructure

    Circle 8 Newco LLC (“Circle 8”) continues to see substantial growth in crane operations, primarily supporting the South Central U.S. oil industry. With the recent appointment of industry veteran Arnold Mabee as CEO, Circle 8 anticipates further bolstering of its crane business.

    Finance & Technology

    Ault Alliance expects that Ault Lending, a licensed lender in California, will contribute significantly to revenue growth and bottom-line improvements for the second half of 2023 and beyond.

    Additionally, BitNile Metaverse, Inc. (Nasdaq: BNMV) recently confirmed that its metaverse platform, BitNile.com, has begun generating revenue through successful social gaming and immersive advertising initiatives. Ongoing efforts to enrich the entertainment and e-commerce aspects of the metaverse platform are expected to enhance the user experience and further stimulate revenue growth.

    The Michigan-based data center operations continue to expand, with around 9,000 Bitcoin miners currently in operation using 28 megawatts of power. This expansive 34-acre property with 14.5 acres under roof hosts a portion of the Company’s mining operations with spare capacity profitably rented out to diverse tenants. The Company recently announced the full deployment and energization of 10,000 Bitcoin miners that are being hosted through a strategic collaboration with Core Scientific, Inc.

    Real Estate

    Ault Alliance’s real estate portfolio continues to prosper. Its subsidiaries own four newly renovated hotels in the Midwest, including two Marriotts and two Hiltons. The performance of these assets shows encouraging improvement over the previous year’s results.

    “We are excited about the progress we have made so far in 2023,” said Executive Chairman, Milton “Todd” Ault III of Ault Alliance. “Our diversified portfolio across several business sectors continues to drive growth and add value to our stockholders. We are confident that our strategic initiatives will continue to yield positive results in the second half of the year.”

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    Ault Alliance Forecasts $200 Million Revenue for 2023 in Mid-Year Update Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”), today provided a mid-year update forecasting a promising outlook for the remainder of 2023. Ault Alliance anticipates a considerable surge …