The anticipated increase in revenue was driven by the Gresham and Ault Lending subsidiaries, which included $10M from Gresham and a $10M litigation settlement from Ault Lending’s legacy ownership interests. Operating businesses also remained solid, including $11M from crane operations, $5M from crypto asset mining, and $4M from hotel and real estate operations. “Our preliminary first quarter results reflect the strength of our diversified platform and the successful monetization of legacy assets,” said executive chairman Milton Ault.
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