Applied Digital Provides Update on Anchor Tenant at Ellendale HPC Facility
March 08 2024 - 8:05AM
Applied Digital Corporation (Nasdaq:
APLD) ("Applied Digital" or the
"Company"), a designer, builder, and operator of
next-generation digital infrastructure designed for
High-Performance Computing (“HPC”) applications, announced today it
has extended the original 45-day negotiation period announced in
January on the conditional agreement with an anchor tenant to
provide datacenter capacity at its Ellendale, North Dakota campus
until March 30, 2024. The conditional agreement is for a total of
100MWs for a term of 10 years.
About Applied DigitalApplied
Digital (Nasdaq: APLD) designs, develops and operates
next-generation data centers across North America to provide
digital infrastructure solutions to the rapidly growing
high-performance computing (HPC) industry. Find more information at
www.applieddigital.com. Follow us on Twitter at
@APLDdigital.
Forward-Looking Statements This release
contains "forward-looking statements" as defined in the Private
Securities Litigation Reform Act of 1995 regarding, 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," "drive," "believe,"
"look," "ahead," "confident," "deliver," "outlook," "expect," and
"predict." Other examples of forward-looking statements may
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and objectives, including our evolving business model, or estimates
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economic performance, and (iii) statements of assumptions
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future events and thus are inherently subject to uncertainty. If
underlying assumptions prove inaccurate or known or unknown risks
or uncertainties materialize, actual results could vary materially
from the Company's expectations and projections. These risks,
uncertainties, and other factors include: decline in demand for our
products and services; the volatility of the crypto asset industry;
the inability to comply with developments and changes in
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third party relationships. Information in this release is as of the
dates and time periods indicated herein, and the Company does not
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Investor Relations ContactsMatt Glover or Alex
KovtunGateway Group, Inc.(949) 574-3860APLD@gateway-grp.com
Media ContactBrenlyn Motlagh or Diana
JarrahGateway Group, Inc.(949) 899-3135APLD@gateway-grp.com
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