Ault Alliance Highlights Long-term Vision; Says It Remain Steadfast In Mission To Build On Its Core Businesses

Author: Benzinga Newsdesk | May 21, 2024 07:40am

Reflecting on the strategic plan launched in 2017 to acquire assets and grow the Company's topline across multiple sectors, Mr. Ault highlighted the long-term vision, "It has been a bumpy road, but we remain steadfast in our mission to build on our core businesses and capitalize on emerging opportunities. By the end of 2027, assuming that we leased the Michigan data center and the power generated there were upgraded to 300 MW, we would expect revenues to exceed $500 million with gross margins in excess of 50%. The Company expects the large majority of this growth to be driven by Sentinum and its data center operations."

Posted In: AULT