Wednesday, May 05, 2021 10:59:10 AM
DJ Ault Global Sees 1Q Revenue Doubling to $13M
8:44 AM ET 5/5/21 | Dow Jones
By Chris Wack
Ault Global Holdings Inc. said it is expecting first-quarter revenue of $13 million, more than double the $5.6 million in the same period a year ago.
The diversified holding company said it had revenue from lending and investing activities of $5 million due to the allocation of capital to its wholly owned Digital Power Lending subsidiary, and revenue from cryptocurrency mining of $130,000 as the company resumed cryptocurrency-mining operations with 1,000 miners during March.
Ault Global had quarterly income of about $1.5 million, which it said represents the first quarterly profit under current management.
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