— The Second Facility within the State and Third for the Company Overall, Further Expanding its High-Performance Computing (HPC) Infrastructure
— Executed Additional 70MW Option with Marathon Digital Holdings (Nasdaq: MARA), Bringing Total Contracted Capacity to 276MW
DALLAS, Sept. 19, 2022 (GLOBE NEWSWIRE) — Applied Blockchain, Inc. (Nasdaq: APLD) (“Applied Blockchain” or the “Company”) a designer, builder and operator of next-generation datacenters that present energy to blockchain infrastructure and assist High-Performance Computing (HPC) purposes, right now pronounces the groundbreaking of its 180-megawatt (MW) internet hosting facility in Ellendale, North Dakota occurred on September 8, 2022. The next-generation datacenter marks the second facility throughout the state, following the profitable 100MW facility in Jamestown, North Dakota that opened earlier this yr. The Ellendale facility is predicted to start energizing early within the first half of calendar 2023, leveraging expertise the Company gained from the development and operation of its Jamestown facility.
The Ellendale facility formally marks the third next-generation datacenter for Applied Blockchain, with the development of its 200MW facility in Garden City, Texas progressing forward of schedule with a number of buildings already erected.
Applied Blockchain entered right into a five-year Energy Service Agreement (ESA) with a utility companion in Dickey County servicing Ellendale, North Dakota on September 1, 2022. Available transmission capability and extra wind technology, along with robust relationships with North Dakota communities, and contractors to help with facility development and operation, have been key components in selecting the situation.
“The community of Ellendale and representatives of North Dakota have been amazing to work with as we bring this next facility to life,” mentioned Applied Blockchain Chairman and CEO Wes Cummins. “Having the new 180MW facility located close to significant wind power capacity will allow it to be powered with renewable energy to further propel future high performance computing solutions for global enterprises and applications. The entire capacity of this facility is already under contract, demonstrating the significant demand we continue to have for our hosting services.”
In conjunction with the execution of the ESA and groundbreaking, Applied Blockchain and Marathon Digital Holdings (Nasdaq: MARA) mutually executed the choice for an extra 70MW of internet hosting on the Ellendale location. This brings contracted capability with Marathon to 276MW and complete contracted internet hosting for the Company to just about 500MW.
About Applied Blockchain
Applied Blockchain, Inc. (Nasdaq: APLD) designs, develops and operates next-generation datacenters throughout North America to supply low-cost digital infrastructure options to the quickly rising excessive efficiency computing (HPC) trade. The Company has partnered with probably the most acknowledged names within the trade to develop, deploy, and scale its enterprise. Find extra data at www.appliedblockchaininc.com. Follow us on Twitter at @APLDBlockchain.
This launch comprises “forward-looking statements” as outlined within the Private Securities Litigation Reform Act of 1995 concerning, amongst different issues, future working and monetary efficiency, product growth, market place, enterprise technique and aims. These statements use phrases, and variations of phrases, akin to “continue,” “build,” “future,” “increase,” “drive,” “believe,” “look,” “ahead,” “confident,” “deliver,” “outlook,” “expect,” and “predict.” Other examples of forward-looking statements could embrace, however aren’t restricted to, (i) that the Ellendale facility is predicted to start energizing early within the first half of calendar 2023, (ii) statements of Company plans and aims, together with our evolving enterprise mannequin, or estimates or predictions of actions by suppliers, (iii) statements of future financial efficiency, and (iv) statements of assumptions underlying different statements and statements in regards to the Company or its enterprise. You are cautioned to not depend on these forward-looking statements. These statements are primarily based on present expectations of future occasions and thus are inherently topic to uncertainty. If underlying assumptions show inaccurate or identified or unknown dangers or uncertainties materialize, precise outcomes may range materially from the Company’s expectations and projections. These dangers, uncertainties, and different components embrace: delays within the completion of the Ellendale facility, decline in demand for our services; the volatility of the crypto asset trade; the lack to adjust to developments and modifications in regulation; money circulation and entry to capital; and upkeep of third social gathering relationships. Information on this launch is as of the dates and time intervals indicated herein, and the Company doesn’t undertake to replace any of the data contained in these supplies, besides as required by regulation.
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