Ault Alliance Reports Second Quarter 2024 Financial Results, Including Revenue of $76 Million for the Six Months Ended June 30, 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2024
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Source: Newsfilter
Company Reorganization: Ault Alliance, Inc. plans to split into two entities, focusing on AI data centers under the new name Hyperscale Data, while also issuing special dividends to stockholders from non-core assets.
Financial Performance: The company reported a revenue increase in digital asset mining and real estate sectors, alongside significant reductions in general and administrative expenses, reflecting a strategic focus on financial efficiency.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
