On August 19, 2024, Ault Alliance, Inc., a diversified holding company, announced its unaudited financial results for the first half of the year ending June 30, 2024. The company reported a revenue of $76.3 million and total assets of $271 million. Ault Alliance also confirmed its strategy to reorganize into two separate entities, focusing on its AI data center operations under the new name Hyperscale Data, Inc., and divesting its non-core assets through special dividends to shareholders. The company's digital assets mining operations saw a 27% revenue increase, while its hotel and real estate sectors grew by 23%. Enertec Systems 2001 Ltd., part of the defense segment, reported a 47% sales increase, contributing to an overall 16% revenue growth for Gresham Worldwide, Inc. TurnOnGreen, Inc., an electric vehicle charging...Show More

On August 19, 2024, Ault Alliance, Inc., a diversified holding company, announced its unaudited financial results for the first half of the year ending June 30, 2024. The company reported a revenue of $76.3 million and total assets of $271 million. Ault Alliance also confirmed its strategy to reorganize into two separate entities, focusing on its AI data center operations under the new name Hyperscale Data, Inc., and divesting its non-core assets through special dividends to shareholders. The company's digital assets mining operations saw a 27% revenue increase, while its hotel and real estate sectors grew by 23%. Enertec Systems 2001 Ltd., part of the defense segment, reported a 47% sales increase, contributing to an overall 16% revenue growth for Gresham Worldwide, Inc. TurnOnGreen, Inc., an electric vehicle charging subsidiary, experienced a 54% increase in sales. The company also achieved a $17 million reduction in G&A expenses and a 59% decrease in interest expenses. The reorganization plan includes the creation of Ault Capital Group, Inc., which will hold the company's non-core assets. The name change to Hyperscale Data, Inc. and ticker symbol change to GPUS are expected to occur in September 2024. The company cautions that all projections are subject to market volatility and other factors that may impact Bitcoin mining operations.