This announcement caused traders to bid up shares of the parent company, Ault Alliance Inc. (NYSE:AULT) sharply during Tuesday’s premarket hours, with traders currently willing to buy shares at $1.27/share (+20.95% implied open for sellers) at the time of writing. This should be an exciting session for this stock!
Ault Alliance Inc is a diversified holding company. It owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles.
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