This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement on August 15 for land in North Dakota.
Applied Digital Enters Purchase Agreement on August 15, Groundbreaking Planned for Q3 2022
Another mining company is reporting expansion updates as Applied Digital (formerly Applied Blockchain) has revealed it has entered a purchase agreement on August 15. The deal will add a second mining facility in the state of North Dakota. The company’s news follows the firm getting a $15 million loan to fund growth and “buildout of its data centers.”
Applied Digital said, on August 25, that it changed the company name to “reflect the company’s broader business opportunities within larger high-power computing (HPC) applications.” On the same day, it released a financial and operational update...
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