Planned Name Change Reflects the Company’s Broader Business Opportunities within Larger High-Power Computing (HPC) Applications
DALLAS, Aug. 25, 2022 (GLOBE NEWSWIRE) -- Applied Blockchain, Inc. (Nasdaq: APLD) ("Applied Blockchain" or the "Company") intends to change its name from “Applied Blockchain, Inc.” to “Applied Digital Corporation”. The Company’s intended name change will more accurately reflect its services and broader business offerings to serve customers that require large computing power applications. While Applied Blockchain continues to be a premier provider of digital infrastructure for many cryptocurrency mining operations, it is important for the Company to distinguish that its next-generation datacenters support many other high-performance compute (HPC) applications. If approved by shareholders at the Company’s Annual General Meeting planned for November 10, 2022, the name change would not have an impact on strategy or operations, and the Applied Blockchain ticker...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...