Ault Alliance Expects FY24 Revenues Of Between $230M-$240M Based Upon Growth At Sentinum, Its Data Center Operations And Bitcoin Mining Sector, Further Complemented By Performance Of Its Crane Rental Business
Portfolio Pulse from Benzinga Newsdesk
Ault Alliance forecasts FY24 revenues to range from $230M to $240M, driven by growth in its Sentinum brand, data center operations, and Bitcoin mining sector. The company's crane rental business is also expected to contribute to this performance.
December 26, 2023 | 11:38 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Ault Alliance anticipates a significant increase in FY24 revenues, expecting to achieve between $230M and $240M, with contributions from its various business segments including Sentinum, data center operations, Bitcoin mining, and crane rental services.
The positive revenue forecast for Ault Alliance is likely to instill investor confidence and could lead to a short-term uptick in the stock price. The diverse sources of revenue growth, including high-growth sectors like data centers and Bitcoin mining, suggest a strong business model that may attract investor interest.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100