Michigan Bitcoin in the News

LAS VEGAS, January 10, 2024--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company ("Ault Alliance," or the "Company"), today announced that the Company has decided that it will start holding up to 20 percent and minimum of five percent of the Bitcoin it mines on the Company’s balance sheet. This strategic move is part of the Company’s broader plan to adjust its asset management approach to ultimately create a more valuable enterprise and drive stockholder value.

LAS VEGAS, December 06, 2023--(BUSINESS WIRE)--Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company ("Ault Alliance," or the "Company"), announced today that its wholly owned subsidiary, Sentinum, Inc. ("Sentinum") mined approximately 133 Bitcoin in November 2023. Of this total, approximately 71 Bitcoin were mined at Sentinum’s data center in Michigan, with the remaining approximately 62 Bitcoin from mining machines hosted with Core Scientific, Inc. Based on the current Bitcoin price of approximately $44,000, Sentinum mined approximately $5.84 million worth of Bitcoin in November 2023 and has a current Bitcoin mining operations annual run rate of approximately $70.1 million worth of Bitcoin.

In an age when technological advancements are redefining every profession, dentistry isn’t untouched. Artificial intelligence (AI), digital radiography, teledentistry, and intraoral scanners are just a few examples. But beyond dentistry-specific technology, there’s a financial revolution that every dentist—in fact, every professional—should be aware of: Bitcoin.

COLON, MI -- Five Star Pizza is now accepting Bitcoin at its flagship location in Colon, Michigan. Five Star Pizza is the first pizzeria in the region to accept Bitcoin Lightning payments, according to a press release from Detroit-based startup MI Lightning Rod.

BitNile Inc., a subsidiary of Las Vegas’ Ault Alliance Inc. with a Bitcoin mining operation in Dowagiac (southwest of Kalamazoo), announced its mining production is currently operating at an estimated annualized run rate of 1,484 Bitcoin based on current market conditions, including a mining difficulty of 34.09 trillion.

The Bitcoin takeover of Michigan has been strengthened by the addition of a new Bitcoin beach and education center.

When it comes to Bitcoin mining, Michigan is definitely one of the places to watch. The state has seen a surge in interest in cryptocurrency mining, thanks to its cheap electricity and cool climate. You can also use bitcode ai for further guidelines....

Cryptocurrency mining requires intensive amounts of energy to complete transactions. The Michigan plant expansion is part of a proposed multi-year power agreement with a nuclear power facility and other zero-carbon power generation resources.