— The second facility in the state and third for the company overall, further expands 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 data centers that power blockchain infrastructure and support High-Performance Computing (HPC) applications, today announces the groundbreaking of its 180-megawatt (MW) host facility in Ellendale, North Dakota took place in September 8, 2022. The next-generation data center marks the second facility in the state, following the successful 100MW facility in Jamestown, North Dakota that opened earlier this year. The Ellendale facility is expected to start energy early in the first half of calendar 2023, leveraging the experience the company has gained from building and operating the Jamestown facility.
The Ellendale facility officially marks the third next-generation data center for Applied Blockchain, with construction of the 200MW facility in Garden City, Texas moving ahead of schedule with several buildings already under construction.
Applied Blockchain entered into a five-year energy service agreement (ESA) with a utility partner in Dickey County serving Ellendale, North Dakota on September 1, 2022. Available transmission capacity and excess wind generation, as well as strong relationships with North Dakota communities, and contractors to assist with construction and operation of the plant, were key factors in choosing a location.
“The community of Ellendale and representatives of North Dakota have been wonderful to work with as we bring this next facility to life,” said Applied Blockchain Chairman and CEO Wes Cummins. “Having the new 180 MW facility located close to significant wind power capacity will allow it to be powered by renewable energy to further power 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 exercised the option for an additional 70 MW of hosting at the Ellendale location. This brings contracted capacity with Marathon to 276MW and total contracted hosting for the company to almost 500MW.
About Applied Blockchain
Applied Blockchain, Inc. (Nasdaq: APLD) designs, develops and operates next-generation data centers across North America to provide affordable 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, distribute and scale the 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”, “see”, “anticipate”, “certain”, “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 start energy early in the first half of calendar 2023, (ii) statements about the Company’s plans and objectives, including our evolving business model, or estimates or predictions about the actions of suppliers, (iii) statements about future financial performance, and (iv) statements about assumptions underlying other statements and statements about the company or its operations. You are cautioned against relying on these forward-looking statements. These statements are based on current expectations of future events and are therefore inherently subject to uncertainty. If underlying assumptions prove to be inaccurate or known or unknown risks or uncertainties materialize, actual results may differ materially from the company’s expectations and estimates. These risks, uncertainties and other factors include: delays in the completion of the Ellendale facility, declines in demand for our products and services; the volatility of the cryptoasset industry; inability to follow developments and changes in regulation; cash flow and access to capital; and maintenance of third-party relationships. The information in this release applies to the dates and time periods set forth herein, and the Company undertakes no obligation to update any of the information in this material, except as required by law.
Investor Relations contacts
Matt Glover or Jeff Gramp, CFA
Gateway Group, Inc.
(949) 574-3860
[email protected]
PR contact
Brenlyn Motlagh
Gateway Group, Inc.
(949) 574-3860
[email protected]
