Skip to main content

Applied Blockchain Announces Official Name Change to Applied Digital

Written by Customer Service on . Posted in Public Companies.

The Name Change Reflects the Company’s Diversified Offerings Focusing on High-Power Computing (HPC) Applications

DALLAS, Nov. 17, 2022 (GLOBE NEWSWIRE) — Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital ” or the “Company”), a designer, builder and operator of next-generation datacenters that provide power to blockchain infrastructure and support High-Performance Computing (HPC) applications, formally changed its name from “Applied Blockchain, Inc.” to “Applied Digital Corporation” effective as of November 17, 2022. The Company’s refreshed name more accurately reflects its mission, services and broader business offerings to serve customers that require large amounts of computing power for applications. While Applied Digital continues to be a premier provider of digital infrastructure for cryptocurrency mining operations, considered HPC applications, it is important for the Company to distinguish that its next-generation datacenters support many other HPC applications as well. Approved by shareholders at the Company’s Annual General Meeting on November 10, 2022, the name change will have no impact on strategy or operations, and the Company’s ticker symbol, “APLD,” will remain unchanged.

“Applied Digital is a stronger and more accurate representation of our focus and the variety of key applications for hosting the next wave of high-performance computing solutions,” said Applied Digital Chairman and CEO, Wes Cummins. “We will continue to provide solutions to our cryptocurrency mining customers, while also diversifying our customer base into more high-performance computing use cases for our next-generation datacenters.”

The new name is effective immediately and exhibits the Company’s expansion into services including artificial intelligence, machine learning, non-real-time graphics rendering, natural language processing, and many more applications that require significant computing power.

About Applied Digital-

Applied Digital (Nasdaq: APLD) designs, develops and operates next-generation datacenters across North America to provide digital infrastructure solutions to the rapidly growing high performance computing (HPC) industry. The Company has partnered with the most recognized names in the industry to develop, deploy, and scale its business. Find more information at www.applieddigital.com. Follow us on Twitter at @APLDdigital.

Investor Relations Contacts
Matt Glover or Jeff Grampp, CFA
Gateway Group, Inc.
(949) 574-3860
APLD@gatewayir.com

Media Contact
Brenlyn Motlagh
Gateway Group, Inc.
(949) 899.3135
APLD@gatewayir.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.