Applied Blockchain, Inc. Provides Business and Partnership Update

2021-9-28 08:23

 Applied Blockchain, Inc. today reaffirmed its strategic decision to locate its mining operations in North America.

Wes Cummins, Applied Blockchain’s, CEO and Chairman, said, “Today, SparkPool, one of our strategic partners, announced its plans to discontinue both its domestic and international Ethereum mining pool services. We do not expect any impact to our business as a result of this move. We do expect that the continued crackdown in China will provide a strong tailwind to our hosting business for the foreseeable future. We made the strategic decision several months ago to operate our mining business in North America. In addition, we announced our entrance into the hosting business with our first facility under construction in North Dakota. We broke ground several weeks ago and continue to expect this facility to be operational before the end of the year.”

Applied Blockchain, Inc. delivers high-performance crypto mining and infrastructure solutions to customers around the globe. The Company has partnered with Bitmain, SparkPool, and General Mining Research (GMR) to develop, deploy and scale its business. Applied Blockchain also engages in direct mining of Ethereum, Bitcoin and other crypto assets. The Company is backed by some of the largest family offices and institutional investors in the US.

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