DALLAS, January 10, 2022 (GLOBE NEWSWIRE) – Applied Blockchain, Inc. (“Applied Blockchain” or the “Company”) (ROSE: APLD) announced today that it has formed a joint venture with Antpool Capital Asset Investment LP, a subsidiary of Bitmain Technologies, bringing together the world’s leading provider of blockchain mining solutions and a leader in next-generation data centers used to host the blockchain infrastructure. Applied Blockchain and Antpool intend to leverage their combined resources and expertise to initially create up to 1.5 gigawatt (GW) of data center hosting capacity over the next 24 months.
The joint venture is majority owned by Applied Blockchain, which is responsible for the overall development, construction and operations of the site. Antpool, together with its subsidiary BITMAIN, will provide technical, procurement and operational resources to the company. Antpool will also appoint an advisor to the joint venture.
The two parties agree to establish an essential cooperative partnership. Building successful partnerships is part of the core strategy of Antpool and BITMAIN.
About applied blockchain
Applied Blockchain Inc. (APLD) is a listed builder and operator of next-generation data centers in North America that provide substantial computing power to blockchain infrastructure and support Bitcoin mining. . The company has partnered with the most recognized names in the industry to develop, deploy and evolve its business. Find more information on www.appliedblockchaininc.com. Follow us on Twitter at @APLDBlockchain.
About Antpool
Antpool Capital Asset Investment LP (“Antpool”) is a limited partnership controlled by Antpool Technologies Holding Company, which operates a large global mining pool. Antpool Technologies Holding Company was split from BITMAIN, a mining hardware giant, in 2021.
Forward-looking statements
This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 concerning, among other things, future operational and financial performance, product development, market position, business strategy and objectives. These statements use words and word variations, such as “continue”, “build”, “the future”, “increase”, “lead”, “believe”, “look”, “forward”, “confident “,” Offer, “” prospect “,” expect “and” predict. “Other examples of forward-looking statements may include, but are not limited to, (i) statements of the Company’s plans and objectives , including our evolving business model, or estimates or forecasts of actions by suppliers, (ii) statements of future economic performance, and (iii) statements of assumptions underlying other statements and Statements regarding the Company or its business. You are cautioned not to rely on any forward-looking statements. These statements are based on current expectations of future events and are therefore inherently subject to uncertainty. Whether the underlying assumptions are ‘prove to be inaccurate or if the associated risks or uncertainties Us or unknowns materialize, actual results could differ materially from the Company’s expectations and projections. These risks, uncertainties and other factors include: declining demand for our products and services; the volatility of the crypto asset industry; failure to comply with regulatory developments and changes; cash flow and access to capital; and maintaining relationships with third parties. The information contained in this press release corresponds to the dates and periods indicated here, and the Company does not undertake to update the information contained in these documents, except as required by law.
Media contact
Jordan schmidt
Gateway Group, Inc.
(949) 574-3860
[email protected]
Investor Relations Contacts
Matt Glover or Jeff Grampp, CFA
Gateway Group, Inc.
(949) 574-3860
[email protected]
Company contact
Wes Cummins, President and CEO
Applied Blockchain, Inc.
(214) 427-1704