Applied Digital Announces Promotion of Michael Maniscalco to Chief Technology Officer
11 Julho 2023 - 9:00AM
Applied Digital Corporation (Nasdaq:
APLD) (“Applied Digital” or the
“Company”), a designer, builder and operator of
next-generation digital infrastructure that is designed for
High-Performance Computing (“HPC”) applications, today announced
the promotion of Michael Maniscalco from Executive Vice President
of Technology to Chief Technology Officer (“CTO”) effective July 5,
2023. Maniscalco had served as the Company’s Executive Vice
President of Technology since September 2021. In his new role as
CTO, Maniscalco will lead Applied Digital’s advancements in
supporting the demanding technical requirements for artificial
intelligence (AI) infrastructure and services, including large
language model training and graphics rendering.
“As Mike steps into the role of CTO, his
technological prowess and command will only continue advancing our
strategic expansion into supporting high compute workloads,” said
Applied Digital Chairman and CEO, Wes Cummins. “He has proven to be
a trusted partner and has been instrumental in our evolution from
supporting blockchain to HPC applications. With the continued
growth and market demand for AI compute and services, Mike will be
responsible for securing key contracts and helping bring new
facilities and customers online.”
Maniscalco joined Applied Digital with a deep
technological acumen he built throughout his many years of
entrepreneurism and network engineering leadership. Prior to
joining Applied Digital, Mike founded multiple startups and held
software and network engineering positions for Fortune 500
companies within the AI, IoT, financial, telecommunications,
blockchain and healthcare industries.
“Applied Digital is a forward-thinking industry
disruptor with an unmatched dedication and approach to powering the
future of HPC and AI applications,” said Maniscalco. “I’m looking
forward to continuing to boost Applied Digital’s AI offerings and
bolster our roster of customers in my expanded role as CTO.”
This past month, Applied Digital announced its
partnership with Hewlett Packard Enterprise, Inc. to deliver its
powerful, energy-efficient supercomputers proven to support
large-scale AI through Applied Digital’s AI cloud service.
Recently, the Company also announced the launch of its Cloud
Services that will provide high-performance computing power for
high density applications. Following the launch of its AI Cloud
Services, the Company signed its first two customers including
agreements worth up to $180 million and $460 million over a
24-month and 36-month period, respectively.
Applied Digital’s next-generation datacenters are
ideal for hosting HPC applications on premises. This solution
provides high compute power, at a lower cost, to replenish the
power density needed for AI/ML workloads.
About Applied Digital Applied
Digital (Nasdaq: APLD) designs, develops and operates
next-generation datacenters across North America to provide digital
infrastructure solutions to the rapidly growing high-performance
computing (HPC) industry. Find more information at
www.applieddigital.com. Follow us on Twitter at @APLDdigital.
Forward-Looking StatementsThis
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) statements of Company plans
and objectives, including our evolving business model, or estimates
or predictions of actions by suppliers, (ii) statements of future
economic performance, and (iii) 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: 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
Contacts Matt Glover or Alex KovtunGateway Group,
Inc. (949) 574-3860 APLD@gateway-grp.com
Media Contact Robert Collins,
Brenlyn Motlagh Gateway Group, Inc. (949)
899-3135 APLD@gateway-grp.com
A photo accompanying this announcement is available
at
https://www.globenewswire.com/NewsRoom/AttachmentNg/a44cb647-7a25-4a0c-b572-5a6ee26d27e1
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