Sentinum Sets Record by Mining $7.4M in Bitcoin at West Michigan Data Center

Sentinum, a wholly owned subsidiary of Ault Alliance Inc. in Las Vegas, has reported it mined 103 Bitcoin in February, worth about $7.4 million, at its data center in Dowagiac (southwest of Kalamazoo). It was the highest single monthly run rate for Bitcoin miners in the company’s history.
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Bitcoin miners
Sentinum in Dowagiac mined about $7.4 million in Bitcoin in February 2024, setting a record. // Stock photo

Sentinum, a wholly owned subsidiary of Ault Alliance Inc. in Las Vegas, has reported it mined 103 Bitcoin in February, worth about $7.4 million, at its data center in Dowagiac (southwest of Kalamazoo). It was the highest single monthly run rate for Bitcoin miners in the company’s history.

The February mining operations represent a current Bitcoin mining operations annual run rate of approximately $89 million. The run rate is based on a current Bitcoin price of $72,000 per coin.

“Sentinum continues to work on improving operations and will begin transferring machines from its Michigan site to its Montana site, which is expected to occur this month,” says William B. Horne, CEO of Ault Alliance.

“A shift of machines to our Montana site will allow us to focus on expansion at our Michigan site. This expansion is expected to support the rapid growth of high-performance computing and artificial intelligence use cases. Obviously, if the recent uptick in Bitcoin prices holds, Sentinum expects to achieve a new monthly run rate record for March 2024.”

All estimates and other projections are subject to the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the ability to build out and provide the necessary power for miners, and other factors that may affect the results of Bitcoin mining production or operations, says Horne.

He also notes the upcoming halving of Bitcoin will halve the block reward for miners. The company makes no prediction on the price of Bitcoin prior to or after the upcoming halving but is prepared to adjust its mining operations accordingly.