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Applied Blockchain and BITMAIN Affiliate, Antpool, Form Joint Venture to Build up to 1.5 Gigawatts of Datacenter Hosting Capacity in North America

Applied Blockchain, Inc. announced it has formed a joint venture with Antpool Capital Asset Investment L.P., an affiliate of Bitmain Technologies, bringing together the world’s leading provider of blockchain mining solutions and a leader in next generation datacenters used to host blockchain infrastructure. Applied Blockchain and Antpool intend to leverage their combined resources and expertise to initially build up to 1.5 Gigawatts (GWs) of datacenter hosting capacity over the next 24 months.

The joint venture is majority owned by Applied Blockchain, which has responsibility for all site development, construction, and operations. Antpool, together with its affiliate BITMAIN, will provide technical, sourcing and operational resources to the venture. Antpool will also appoint an advisor to the Joint Venture.

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Both parties agree to establish a vital cooperative partnership. Building successful partnerships is part of Antpool and BITMAIN’s core strategy.

Applied Blockchain Inc. (APLD) is a publicly-traded builder and operator of next-generation data centers across North America which provide substantial compute power to blockchain infrastructure and support Bitcoin mining. The Company has partnered with the most recognized names in the industry to develop, deploy, and scale its business.

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