Applied Digital Announces Groundbreaking of High Performance Computing Facility in Jamestown, North Dakota

Applied Digital Announces Groundbreaking of High Performance Computing Facility in Jamestown, North Dakota

DALLAS, December 14, 2022 (GLOBE NEWSWIRE) — Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), today announced the groundbreaking of its latest specialized processing center, a five-megawatt (“MW”) facility adjacent to the Company’s current operating 100-MW host facility in Jamestown, North Dakota. This separate and unique building, designed and purpose-built for graphics processing units (“GPUs”), will sit apart from the company’s current buildings and plans to house more traditional high-performance computing (“HPC”) applications, such as natural language processing, machine learning and additional HPC -developments.

The new 16,382-square-foot building is slated for energy in the first calendar quarter of 2023 and is designed to provide ultra-low-cost, high-efficiency infrastructure for HPC.

“Our greatest asset is our ultra-low-cost power and the ability to build close to the power source in more remote locations,” said Applied Digital’s chairman and CEO. West Cummins. “In the past, data centers were built to support high-speed, ultra-low latency communication applications, but these new HPC applications such as machine learning, artificial intelligence and others require a large amount of computing power rather than ultra-low latency communication. This means the digital infrastructure needs to be built differently and Applied Digital’s homogenous style data centers can streamline and significantly reduce the cost of running these applications.”

Applied Digital has GPUs currently working with the company’s technology partner that has begun testing. Once the HPC facility is complete, the project is expected to move into a pilot program with 300 GPUs and the initial customer launch is expected in the first calendar quarter of 2023. Full-scale operations are expected from the facility shortly thereafter. The first customer is expected to primarily use the machine learning (ML) capacity.

In addition to the ML application, Applied Digital houses 128 GPUs in a renovated section of an existing building Jamestown for Web3 applications with an additional non-cryptocurrency client.

“Natural language processing and other machine learning workloads continue to take off rapidly and Applied Digital aims to be at the forefront of making this possible,” said Applied Digital’s co-founder, Jason Zhang. “Because of the significant amount of computing power required and the company’s ability to execute it, Applied Digital builds greater value for our customers and shareholders.”

As the HPC market continues to grow with expected revenue of $65.12 billion worldwide by 2030, Applied Digital’s progress in these adjacent markets is reflected in the recent name change from Applied Blockchain to Applied Digital.

About Applied Digital
Applied Digital (Nasdaq: APLD) designs, develops and operates next-generation data centers across the globe 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. Get more information at 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,” “forward,” “confident,” “deliver ” ,” “outlook,” “expect,” and “predict.” Other examples of forward-looking statements may include, but are not limited to, (i) statements of Company plans and objectives, including our evolving business model, or estimates or forecasts of actions by suppliers, (ii) statements of future economic performance, and (iii) statements of assumptions underlying other statements and statements about the Company or its business. You are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and are therefore inherently subject to uncertainty If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results may differ materially from the Company’s estimates gtings 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 regulation; cash flow and access to capital; and maintenance of third party relationships. Information in this release is as of the dates and periods indicated herein, and the Company does not undertake to update any of the information contained in these materials, except as required by law.

Investor relations contactsMatt Glover or Jeff GrampCFA
Gateway Group, Inc.
(949) 574-3860
[email protected]

Media contact
Brenlyn Motlagh
Gateway Group, Inc.
(949) 899.3135
[email protected]

Primary Logo

Source: Applied Digital Corporation

2022 GlobeNewswire, Inc., source Press releases

Leave a Reply

Your email address will not be published. Required fields are marked *