Applied Blockchain Announces Groundbreaking of New 180MW Facility in Ellendale, North Dakota
19 Setembro 2022 - 09:00AM
Applied Blockchain, Inc. (Nasdaq:
APLD) ("Applied Blockchain" or the
"Company") a designer, builder and operator of
next-generation datacenters that provide power to blockchain
infrastructure and support High-Performance Computing (HPC)
applications, today announces the groundbreaking of its
180-megawatt (MW) hosting facility in Ellendale, North Dakota
occurred on September 8, 2022. The next-generation datacenter marks
the second facility within the state, following the successful
100MW facility in Jamestown, North Dakota that opened earlier this
year. The Ellendale facility is expected to begin energizing early
in the first half of calendar 2023, leveraging experience the
Company gained from the construction and operation of its Jamestown
facility.
The Ellendale facility officially marks the third
next-generation datacenter for Applied Blockchain, with the
construction of its 200MW facility in Garden City, Texas
progressing ahead of schedule with several buildings already
erected.
Applied Blockchain entered into a five-year Energy Service
Agreement (ESA) with a utility partner in Dickey County servicing
Ellendale, North Dakota on September 1, 2022. Available
transmission capacity and excess wind generation, in addition to
strong relationships with North Dakota communities, and contractors
to assist with facility construction and operation, were key
factors in choosing the location.
“The community of Ellendale and representatives of North Dakota
have been amazing to work with as we bring this next facility to
life,” said 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 option for an additional 70MW of hosting at
the Ellendale location. This brings contracted capacity with
Marathon to 276MW and total contracted hosting for the Company to
nearly 500MW.
About Applied Blockchain
Applied Blockchain, Inc. (Nasdaq: APLD) designs,
develops and operates next-generation datacenters across North
America to provide low-cost digital infrastructure solutions to the
rapidly growing high performance computing (HPC) industry. The
Company has partnered with the most recognized names in the
industry to develop, deploy, and scale its business. Find more
information at www.appliedblockchaininc.com. Follow us on Twitter
at @APLDBlockchain.
Forward-Looking Statements
This release contains "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995 regarding,
among other things, future operating and financial performance,
product development, market position, business strategy and
objectives. These statements use words, and variations of words,
such as "continue," "build," "future," "increase," "drive,"
"believe," "look," "ahead," "confident," "deliver," "outlook,"
"expect," and "predict." Other examples of forward-looking
statements may include, but are not limited to, (i) that the
Ellendale facility is expected to begin energizing early in the
first half of calendar 2023, (ii) statements of Company plans and
objectives, including our evolving business model, or estimates or
predictions of actions by suppliers, (iii) statements of future
economic performance, and (iv) statements of assumptions underlying
other statements and statements about the Company or its business.
You are cautioned not to rely on these forward-looking statements.
These statements are based on current expectations of future events
and thus are inherently subject to uncertainty. If underlying
assumptions prove inaccurate or known or unknown risks or
uncertainties materialize, actual results could vary materially
from the Company's expectations and projections. These risks,
uncertainties, and other factors include: delays in the completion
of the Ellendale facility, decline in demand for our products and
services; the volatility of the crypto asset industry; the
inability to comply with developments and changes in regulation;
cash flow and access to capital; and maintenance of third party
relationships. Information in this release is as of the dates and
time periods indicated herein, and the Company does not undertake
to update any of the information contained in these materials,
except as required by law.
Investor Relations ContactsMatt
Glover or Jeff Grampp, CFAGateway Group, Inc.(949)
574-3860APLD@gatewayir.com
Public Relations ContactBrenlyn
Motlagh Gateway Group, Inc.(949) 574-3860APLD@gatewayir.com
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