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Sunday, February 21, 2021 5:39:23 PM
Revenue from the enterprise cloud data center operations is expected to begin during the quarter ending June 30, 2021
According to yahoo finance article
“Darren Magot, the CEO of Ault Alliance, stated, "We believe that closing of the Facility is very promising, particularly given the impact that the coronavirus pandemic has had on the way that companies operate and the sustained resurgence of bitcoin and Ethereum cryptocurrencies. With the proceeds from the Company’s at-the-market equity offerings, the Company has the wherewithal to accelerate its investment in the Facility, including pursuing bitcoin and Ethereum mining operations for its own account."
Revenue from the enterprise cloud data center operations is expected to begin during the quarter ending June 30, 2021, after the planned completion of the initial buildout of 30,000 square feet, or the equivalent of 1,000 cabinets capable of housing over 40,000 servers. At 50% capacity, the Facility is expected to generate annual gross revenues between approximately $54 million and $64 million. Revenue from the existing commercial real estate operations, which are expected to cover the operating costs of the Facility, will be recognized during the quarter ending March 31, 2021.”
https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/ault-global-holdings-resume-bitcoin-113000161.html
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