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/EIN News/ — — The second facility in the state and third for the entire company, further expanding its high-performance computing (HPC) infrastructure

— Execution of an additional 70 MW option with Marathon Digital Holdings (Nasdaq: MARA), bringing total contracted capacity to 276 MW

DALLAS, Sept. 19, 2022 (GLOBE NEWSWIRE) — Applied Blockchain, Inc. (Nasdaq: APLD) (“Applied Blockchain” or the “Company”) a designer, builder and operator of next-generation data centers that power blockchain infrastructure and support high-performance computing (HPC) applications, today announces the grand opening of its hosting facility of 180 megawatts (MW) in Ellendale, North Dakota on September 8, 2022. The next-generation data center marks the second installation in the state, following the successful 100 MW installation in Jamestown, North Dakota. North Dakota, which opened earlier this year. The Ellendale facility is expected to begin energizing early in the first half of calendar 2023, leveraging the experience the company has gained building and operating its Jamestown facility.

The Ellendale facility officially marks the third next-generation data center for Applied Blockchain, with construction of its 200MW facility in Garden City, Texas progressing ahead of schedule with several buildings already erected.

Applied Blockchain entered into a five-year energy service agreement (ESA) with a Dickey County utility partner serving Ellendale, North Dakota on September 1, 2022. Available transmission capacity and excess wind generation, in addition to relationships Solid relationships with North Dakota communities, and contractors to help build and operate the facilities, were key factors in choosing the location.

“The Ellendale community and representatives from North Dakota have been great working with us as we bring this upcoming facility to life,” said Wes Cummins, President and CEO of Applied Blockchain. “The fact that the new 180 MW facility is located near significant wind power capacity will allow it to be powered by renewable energy to further power future high-performance computing solutions for businesses and global applications. The entire capacity of this facility is already under contract, demonstrating the significant demand we continue to have for our hosting services.

Along with the execution of the ESA and the groundbreaking, Applied Blockchain and Marathon Digital Holdings (Nasdaq: MARA) jointly executed the option for an additional 70MW hosting at the Ellendale site. This brings the contracted capacity with Marathon to 276 MW and the total contracted accommodation for the company to nearly 500 MW.

About Applied Blockchain

Applied Blockchain, Inc. (Nasdaq: APLD) designs, develops and operates next-generation data centers across North America to provide low-cost digital infrastructure solutions to the high-performance computing (HPC) industry ) growing rapidly. The company has partnered with the most recognized names in the industry to grow, deploy and scale its business. Find more information about www.appliedblockchaininc.com. Follow us on Twitter at @APLDBlockchain.

Forward-looking statements

This release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 relating to, among other things, future operating and financial performance, product development, market position, business strategy and objectives. These statements use words and variations of words, such as “continue”, “build”, “future”, “increase”, “lead”, “believe”, “watch”, “ahead”, “confident”, ” deliver”. ,” “outlook”, “expect”, and “expect”. Other examples of forward-looking statements may include, but are not limited to, (i) that the Ellendale facility is expected to begin energizing at beginning of the first half of the calendar year 2023, (ii) statements of company plans and objectives, including our evolving business model, or estimates or predictions of actions by suppliers, (iii) statements of future economic performance, and (iv) statements of assumptions underlying other statements and statements regarding the Company or its business. You are cautioned not to rely on such forward-looking statements. These statements are based on current expectations future events and are therefore inherently subject to uncertainty.If underlying assumptions prove inaccurate, or known or unknown risks or uncertainties materialize, actual results could differ materially from expectations and t Company projections. These risks, uncertainties and other factors include: delays in the completion of the Ellendale facility; decline in demand for our products and services; volatility in the crypto asset industry; inability to comply with regulatory developments and changes; cash flow and access to capital; and maintaining relationships with third parties. The information contained in this press release speaks as of the dates and periods indicated herein, and the Company does not undertake to update the information contained in these documents, except as required by law.

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

Public relations contacts
Brenlyn Motlagh
Gateway Group, Inc.
(949) 574-3860
APLD@gatewayir.com


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