DPW - Ault Global rallies on Q1 prelim revenue surge of 132%

Ault Global (DPW) trades 23.4% higher premarket after reporting Q1 prelim revenue of ~$13M (+132% Y/Y) while revenue from lending and investing activities stood at ~$5M.As the company resumed cryptocurrency mining operations with ~1K miners during March 2021, revenue from cryptocurrency mining stood at ~$130K.Net income is seen at ~$1.5M compared to a $6.5M in prior year's quarter, marking the first quarterly profit under current management.The company's recent capital raise of ~$165M has enabled it to fund subsidiaries and eliminate high-cost debt.

For further details see:

Ault Global rallies on Q1 prelim revenue surge of 132%