Hyperscale Data Subsidiary Sentinum Announces Bitcoin Mining Goals of $41 Million

Hyperscale Data’s subsidiary Sentinum is set to begin a Bitcoin mining operation anticipated to achieve a $41 million annual run rate by July 2025, leveraging a substantial number of miners in Michigan and Montana. While optimistic projections have been laid out, potential risks from market volatility and operational hurdles are acknowledged. The company plans to divest other holdings, focusing primarily on data center operations in the future.

Hyperscale Data, Inc., through its subsidiary Sentinum, has announced its ambitious plans for Bitcoin mining. Starting in July 2025, Sentinum anticipates an annual mining run rate of about $41 million, translating to roughly 375.24 Bitcoin per year. This estimate is based on the recent Bitcoin price sitting around $108,000 and the expected functionality of nearly 19,200 miners across its Michigan and Montana facilities.

The detailed mining operations will involve about 9,100 active miners in Michigan and around 10,100 miners being deployed across both states. By the end of June 2025, Sentinum is set to have 6,800 miners operational at a site managed by Montana OP LLC along with 3,300 miners at its Montana facility. The company believes that this scale demonstrates its capacity to thrive in the competitive Bitcoin mining landscape.

Milton “Todd” Ault III, the Founder and Executive Chairman of Hyperscale Data, emphasized his pride in reaching this milestone. He stated that the projected annual run rate of $41 million underscores their operational capabilities and commitment to harness favorable Bitcoin market conditions. The Sentinum team is gearing up to ramp up operations substantially within the month, with an eye toward maximizing efficiency and output.

However, it is worth noting that these forecasts come with a degree of uncertainty. Various factors such as fluctuations in Bitcoin pricing, variations in mining difficulty, and logistical challenges relating to power supply may impact actual results. Notably, revenue recognition depends on the conversion of mined Bitcoin into cash, which may fall short of the total mined value.

To keep the public informed, Hyperscale Data encourages stakeholders to review official filings and press releases, which can be found on their Investor Relations page at hyperscaledata.com or via the SEC’s website. The company is simultaneously fostering positions in other sectors, operating under its subsidiary Ault Capital Group, Inc., which focuses on disruptive technologies and potential acquisitions.

Looking ahead, Hyperscale Data plans to divest ACG around the end of 2025, shifting focus solely to data center operations. Despite this change, Bitcoin mining could still remain part of their business strategy. Their headquarters, located in Las Vegas, will continue to serve as the nerve center for their operations, which also span various industries like AI, gaming, and medical sectors.

In December 2024, the company issued a million shares of Series F Exchangeable Preferred Stock, aimed to facilitate the divestiture process. Stockholders should remain vigilant about the conditions applied to this stock exchange, as only those who surrender their shares will receive ACG stock post-divestment.

The firm has also issued a cautionary note regarding forward-looking statements in their communications, which are inherently subject to risks and uncertainties. These statements, reflecting the company’s strategic forecasts, are made with an understanding of potential challenges that could lead to varied outcomes compared to current projections. Interested parties are encouraged to peruse the company’s SEC filings for more insights into risk factors impacting performance.

In summary, Hyperscale Data’s Sentinum looks to significantly boost its Bitcoin mining capabilities by mid-2025, projecting substantial revenue while navigating market volatility. The operations rely heavily on the effective usage of a wide array of mining machines across two states. However, stakeholders are reminded to consider the inherent risks and uncertainties tied to cryptocurrency ventures and the company’s strategic future with its pending divestiture of Ault Capital Group.

Original Source: www.tradingview.com

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