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Ault Alliance, Inc. appoints Jay Looney as CEO of ACM to manage data center operations

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On February 21, the diversified holding company Ault Alliance, Inc. announced that Jay Looney, a veteran of data center services, was the CEO of its wholly-own…

Ault Alliance, Inc. appoints Jay Looney as CEO of ACM to manage data center operations

On February 21, the diversified holding company Ault Alliance, Inc. announced that Jay Looney, a veteran of data center services, was the CEO of its wholly-owned subsidiary, AC Management, Inc. (ACM), responsible for managing the operations of the Michigan data center and its mining subsidiary, BitNile, Inc. It is understood that the Michigan Data Center currently operates about 9400 ant miners, including about 4600 S19 XP and 4700 S19j Pro. The company has about 11200 S19j Pro to be installed. （businesswire）

Ault Alliance appointed Jay Looney as the new CEO of its subsidiary to manage mining and other matters

Interpretation of the news:


Ault Alliance, Inc., a diversified holding company, has made an official announcement that Jay Looney, an experienced expert in data center services, has been selected as the new CEO of its wholly-owned subsidiary, AC Management, Inc. (ACM). The company has entrusted Looney to take care of the management of Michigan data center operations and its mining subsidiary, BitNile, Inc. The Michigan Data Center is currently running nearly 9,400 ant miners, including around 4,600 S19 XP and 4,700 S19j Pro. In addition, the company has already procured about 11,200 S19j Pro to be installed at the Michigan Data Center.

The appointment of Jay Looney as CEO of ACM reflects the Ault Alliance’s commitment to ensuring that the company is managed by professionals who have vast knowledge and experience in different business domains, including data center services. Jay Looney holds a proven track record in managing data centers and has the capability to oversee complex projects successfully. Looney, with over 30 years of experience in the technology and IT industry, has been instrumental in leading many technology-based projects to success. His exceptional leadership qualities combined with his deep expertise in data center operations and management, make him the perfect choice to lead the ACM.

Moreover, the Michigan Data Center, which is currently operating nearly 9,400 ant miners, has already procured 11,200 new S19j Pro. The addition of more than 11,000 new S19j Pro miners is an indication that Ault Alliance is consistently investing to expand and grow its mining operations. This shows the company’s commitment to taking advantage of the increasing demand for cryptocurrency.

In conclusion, the appointment of Jay Looney as CEO of ACM is a strategic move by Ault Alliance to bring in a highly experienced individual to oversee the company’s operations. Furthermore, the investment in more than 11,000 S19j Pro miners indicates Ault Alliance’s intention to continue expanding its mining operations to capitalize on the increasing demand for cryptocurrency. The company is taking proactive steps towards growth and development, which is a positive direction for the company and its stakeholders.

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