Applied Blockchain, Inc. Announces Groundbreaking Ceremony for First Hosting Facility

Jamestown, North Dakota facility groundbreaking scheduled for Tuesday, September 14, 2021

On schedule for operation of 50MW of capability by yr finish; Plans to scale to 100MW in early 2022

DALLAS, Sept. 13, 2021 /PRNewswire/ — Applied Blockchain, Inc. (“Applied Blockchain” or the “Company”) (PINK: APLD) right now introduced it should host a groundbreaking ceremony at its first internet hosting facility web site positioned in Jamestown, North Dakota. The ceremony is scheduled for 1:30 p.m. on September 14, 2021 and can characteristic firm representatives, native authorities leaders, members of native financial improvement and strategic companions.

Wes Cummins, Applied Blockchain, Inc.’s CEO and Chairman, stated, “We are transferring shortly to deliver this large-scale mission to life. Our staff efficiently chosen and secured the location, entered into an power providers settlement, positioned orders for long-lead gear and signed a number of long-term internet hosting agreements. I’m happy with our staff and all of the arduous work that bought us thus far. We are excited to turn into part of this group as we deliver this mission on-line.”

Follow us on Twitter at @APLDBlockchain.

Find the newest video replace from CEO and Chairman Wes Cummins at https://ir.appliedblockchaininc.com/events-presentations/

About Applied Blockchain

Applied Blockchain, Inc. (OTC: APLD) delivers high-performance crypto mining and infrastructure options to prospects across the globe. The Company has partnered with Bitmain, SparkPool, and General Mining Research (GMR) to develop, deploy and scale its enterprise. Applied Blockchain additionally engages in direct mining of Ethereum, Bitcoin and different crypto belongings. The Company is backed by a few of the largest household workplaces and institutional traders within the US.

www.appliedblockchaininc.com

Forward-Looking Statements
This launch accommodates “forward-looking statements” as outlined within the Private Securities Litigation Reform Act of 1995 concerning, amongst different issues, future working and monetary efficiency, product improvement, market place, enterprise technique and goals. These statements use phrases, and variations of phrases, akin to “proceed,” “construct,” “future,” “improve,” “drive,” “imagine,” “look,” “forward,” “assured,” “ship,” “outlook,” “anticipate,” and “predict.” Other examples of forward-looking statements could embrace, however will not be restricted to, (i) statements of Company plans and goals, together with our evolving enterprise mannequin, or estimates or predictions of actions by suppliers, (ii) statements of future financial efficiency, and (iii) 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 based mostly 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 might range materially from the Company’s expectations and projections. These dangers, uncertainties, and different elements embrace: decline in demand for our services; the volatility of the crypto asset business; the shortcoming to adjust to developments and modifications in regulation; money movement and entry to capital; and upkeep of third occasion relationships. Information on this launch is as of the dates and time durations indicated herein, and the Company doesn’t undertake to replace any of the knowledge contained in these supplies, besides as required by legislation.

Investor Relations Contacts

Brett Maas • Managing Partner, Hayden IR
[email protected] • (646) 536-7331

Wes Cummins • Chief Executive Officer, Applied Blockchain
(214) 427-1704

Cision

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SOURCE Applied Blockchain, Inc.

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