Applied Blockchain Inc (APLD)

[KingsKnight]

Here's The Source On That.
Groundbreaking was 9/13/21, Ribbon cutting this week. ~5 month turnaround.
https://www.jamestownsun.com/jamestown-stutsman-development-corp-working-to-create-incentives

F/T Tuesday, February 22, 2022 2:15:05 PM
Re: None
“Applied Blockchain Inc. will hold a ribbon-cutting ceremony at 10:30 a.m. Wednesday, Feb. 23, for its cryptocurrency hosting facility that will be located north of Jamestown. The hosting facility will be co-located with a substation owned by Otter Tail Power Co. Applied Blockchain has an agreement with Otter Tail Power to provide for up to 100 megawatts of power for five years.”

[F/T]

Scratch this post. Just saw that the ribbon cutting is delayed due to weather conditions.

[F/T]

“Applied Blockchain Inc. will hold a ribbon-cutting ceremony at 10:30 a.m. Wednesday, Feb. 23, for its cryptocurrency hosting facility that will be located north of Jamestown. The hosting facility will be co-located with a substation owned by Otter Tail Power Co. Applied Blockchain has an agreement with Otter Tail Power to provide for up to 100 megawatts of power for five years.”

[KingsKnight]

Rough 6 Months on Most Crypto Stocks.
Almost all the names have given back everything over the last 6 months. APLD is being an outlier here.

9 Month View

[KingsKnight]

A Change For Sure.
Since the drop to $1.35, there has really been a bit of increased volume here. If you look at the daily trades going off, it would appear that there are many 1000+ share blocks that have exchanged. As well likely, smaller blocks that make up larger orders. If you look at the # of trades vs Trade Value, you can get a sense of the average size trade blocks. I like the increasing VWAP, going in the right direction. There's the outside force of another lull in cryptos as well at the moment. Looking for a break over $2.50, best we can hope for now.

Grouse Hunter Thursday, 02/17/22 04:20:10 PM
Re: None
There sure seems to be a battleground lately between large share block purchases and large share sells (with respect to APLD’s volume anyhow). Does someone know something or is it an effort to prop up the stock price? Anyhow this is giving folks that want to exit the volume they need to sell larger blocks of stock. Hopefully we run out of sellers soon so we can get a nice pop up into the $3-4 range again.

[Grouse Hunter]

There sure seems to be a battleground lately between large share block purchases and large share sells (with respect to APLD’s volume anyhow). Does someone know something or is it an effort to prop up the stock price? Anyhow this is giving folks that want to exit the volume they need to sell larger blocks of stock. Hopefully we run out of sellers soon so we can get a nice pop up into the $3-4 range again.

[i_like_bb_stock]

nice bids

[KingsKnight]

Nice Run Off The Bottom.
1/31 APLD got hammered down to that $1.35 and has had a nice 69% run off the bottom. Volume has really began to come in of late & hopefully we hear about some new developments soon.
As for the roll call, yeah seems there are still a few here [ItalStallion,PennyStaIker,Chips428,Coolbeanss,Grouse Hunter,OceanDrive,KeepOn...7 so far with some lurkers likely] There's probably someone out there that has no idea this thing is in their burned out trading account & has resurrected after the custodianship. LOL
As for that R/S, I don't think it'll be something they reconsider as in truth it really more of what's the ideal NAS share structure. The current SS is not a fit there for a new entrant, so I think more than likely we'll see that 1:6. I do sense that S1 will create more liquidity even with the then available float slipping to 1.2M. After all it's an IPO listing, not just an uplist. Should be interesting. I'm still a bit cautious on the market cap. You see all the other more established players in the game & some have less of a cap than apld now, that is a bit worrisome. We shall see.

ItalStallion Tuesday, 02/15/22 11:26:23 AM
Re: KingsKnight post# 2083
Still here.. Glad to be in this with Wes, Regina, Mr. Riley and his spouse..IMO today without the expected split APLD it could be easy 7-10 dollars..I hope with all my heart that they will reconsider it. Thanks Kings for all you do on this board $/APLD

[ItalStallion]

Still here.. Glad to be in this with Wes, Regina, Mr. Riley and his spouse..IMO today without the expected split APLD it could be easy 7-10 dollars..I hope with all my heart that they will reconsider it. Thanks Kings for all you do on this board.$APLD

[KingsKnight]

For Sure Chips..

The flock has thinned, still stand by the limited roll call amounts here LOL. 10-15 at most. Volume has been impressive of late. $2.48 even printed today. As well as a $50K Trade. See their twitter is showing clips of the Jamestown I facility getting online. Figure some PRs/News ahead. You can tell by other public disclosures of some things.

Chips428 Monday, 02/14/22 05:04:17 PM
Re: KingsKnight post# 2083
We are still here

[PennyStaIker]

Yep, still here too.

[Chips428]

We are still here

[Coolbeanss]

APLD is actually my smallest investment lol

[KingsKnight]

Some Relative Readings..
https://www.theblockcrypto.com/post/133602/compute-north-raises-385-million-bitcoin-mining-infrastructure
https://fortune.com/2022/02/10/texas-world-capital-bitcoin-mining-companies/
https://www.benzinga.com/pressreleases/22/02/ac25586630/solminer-which-offers-asic-hosting-services-in-usa-expands-their-electrical-capacity-and-infrastr
https://austonia.com/core-scientific-goes-public
https://seekingalpha.com/article/4486096-crypto-rally-marathon-digital-best-bitcoin-mining-stock

Hmm, got to question how APLD really fits in here with these others.

[KingsKnight]

Ghost Board Of Late,
Seems it's really been a ghost town here. Alot of the old posters have seemingly moved on or gone silent. You go back a year & there were many players still with a voice & thought on it. Thinking there maybe less than 10 to 15 posters left on this ticker. Know CoolBeens ready to ride or die here LoL.
That S1 is quite an overhang with the possibility of an R/S. I kind of have my apprehensions about saying APLD should be valued at 1/4 of say RiOT, MaRa, others. In the end it maybe that these companies will be judged on MW/GW capacity & pipeline as well as BTC produced. TCRi seems to have more upside at the moment as their hosting/mining potential is already established if Phoenix brings that business in, it should be worth way more than APLD. We shall see. ISWH is another one to keep an eye on.

Grouse Hunter Friday, 02/11/22 11:27:44 PM
Re: KingsKnight post# 2081
Thanks for your assessment. Always value your input. I agree. Hard to value currently. If you look at what they want to Accomplish over the next couple years and anything else new that most likely will come up the future is bright. Short term that S1 and what the end result will be is the wild card. I’ll be glad to get that behind us.

[Grouse Hunter]

Thanks for your assessment. Always value your input. I agree. Hard to value currently. If you look at what they want to Accomplish over the next couple years and anything else new that most likely will come up the future is bright. Short term that S1 and what the end result will be is the wild card. I’ll be glad to get that behind us.

[KingsKnight]

Not Sure Big Bird Hunter..
By prior sources, Riley Investment Management LLC had previously held 904,389 shares. They upped their size to 1,065,540. So they likely added in open market.
Bryant R. Riley now has 14,602,486 in personal holdings of APLD. I'm guessing this is outside of the Riley company.
"shareholders who acquire more than 5% of the outstanding shares of that class must file beneficial owner reports on Schedule 13D or 13G until their holdings drop below 5%."
If you want the real nitty gritty [https://contracts.justia.com/companies/applied-science-products-inc-11724/]
I don't suspect these as shares as payment for services rendered. But it's good to see that Riley is fully tied in. And another thing,capturing 1M of this on the open market will not be easy for any entity. If they have already done open market capture it's one thing but volume here might make it a 1 month project. There "should" be only 7.7M shares out there possibly for capture. This one's taking it's lumps, but maybe the market cap is where it should be! Really hard to assess it on a value point, say vs. others in the space.

Grouse Hunter Friday, 02/11/22 10:15:04 PM
Re: KingsKnight post# 2079
So what do you think? The million purchased on open market and the 14 million their cut for doing the offering??

[Grouse Hunter]

So what do you think? The million purchased on open market and the 14 million their cut for doing the offering??

[KingsKnight]

New SC 13G filing.

[KingsKnight]

Hopefully In Time..
we'll begin to see blurbs about APLD in this manner.
https://finance.yahoo.com/news/bitcoin-miner-iris-energy-reports-224211339.html
https://www.thestreet.com/investing/bitcoin-miners-have-found-a-new-paradise-and-its-in-the-u-s

ItalStallion Tuesday, 02/08/22 08:29:00 PM
Re: KingsKnight post# 2076
S-1: "We have developed a pipeline of potential power sources. We are currently developing our first hosting site in the Midwest, and we have visibility into two additional sites in the Midwest as well as solar and wind assets in Texas. Through our build-out of our first Midwest facility and the prior experience our leadership team brings to our initiatives, we believe that we have developed a repeatable power strategy to significantly scale our operations. In addition, we are currently focused on and will continue to target states that have favorable laws and regulations for the crypto mining industry, which we believe further de-risks the scaling of our operations".

[ItalStallion]

S-1: "We have developed a pipeline of potential power sources. We are currently developing our first hosting site in the Midwest, and we have visibility into two additional sites in the Midwest as well as solar and wind assets in Texas. Through our build-out of our first Midwest facility and the prior experience our leadership team brings to our initiatives, we believe that we have developed a repeatable power strategy to significantly scale our operations. In addition, we are currently focused on and will continue to target states that have favorable laws and regulations for the crypto mining industry, which we believe further de-risks the scaling of our operations".

[KingsKnight]

Big Tex 200..
Looks like this has began. [https://jobsearcher.com/j/construction-project-manager-at-apld-hosting-in-garden-city-tx-lo03Z5m][https://jobs.disabilitytalent.org/job/300310204/construction-project-manager/]

"Applied Blockchain Signs LOI to Develop 200MW Next-Gen Data Center" BY GlobeNewswire — 12:40 PM ET 11/24/2021
("Applied Blockchain" or the "Company") today announced that it has signed a letter of intent to develop a 200-Megawatt (MW) hosting data center in West Texas. The development agreement is subject to negotiation of final documentation.
The data center will be co-located with a wind farm and will serve as the Company's second facility. The next-gen data center is expected to come online in the second quarter of 2022.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction."

Comprable MW Sized project details from another company[https://www.houstonchronicle.com/business/energy/article/Houston-energy-billion-tech-project-abilene-16722519.php][
https://datacenterfrontier.com/dallas-data-center-market-entering-period-of-stabilization/]
[https://datacenterfrontier.com/the-eight-trends-that-will-shape-the-data-center-industry-in-2022/]

[KingsKnight]

Springboard Up.?.
There's been a lot more volume here of late since the waterfall drop.
Quite notable since OTC volume has really dwindled, and APLD really
was never a big volume mover. Here 100k is heavy.
Looking to break over $2 hopefully.

~$1.6M in dollar volume beat this from $4 to $1.50.

[sonny22]

OK, that sounds like good advice. I appreciate it.

[KingsKnight]

Stick With It..
If you swapped TCRI for APLD back in Dec, you got a good barter ratio. I guess somewhere around 2-5 shares of TCRI for every share of APLD. A good swap, considering the state both are in currently.
I think APLD has a great future, a rocky present as a stock, but a great future as a company. You have to really admire the haste by which they have developed here. It certainly helps that BitMain/Antpool & all the rest of the Chinese behemoths are looking for new hosting/data centers all over the world & are playing rainmaker to so many data center infrastructure projects right now. The US is taking on a ton of these projects & APLD really did a fantastic job is getting their site/s up & running. This is a growing space, so many states are vying to get these projects.
I would certainly not advise selling TCRI at the moment there is too much upside potentially on the present market cap/share structure. Currently it's only a ~100M entity. APLD is sitting above ~500M. APLD ofcourse has had share issuance past above the initial shell structure & I suspect TCRI will as well. There's an interesting upside should the right parameters play out on TCRI. If they[Phoenix] bring their mining/hosting business into TCRI, the spike on the price could get that $100M cap to 10x+.
Here at APLD, while I would say it's good to have a position. I'm still a bit leery of a possible R/S for this NAS listing sometime upcoming.
https://www.nasdaq.com/articles/the-impact-of-reverse-splits-on-low-priced-stocks-2021-10-28

I guess to answer your question, while I would have an position in APLD, I would not trade the immediate prospects of TCRI to come back to APLD. I don't think APLD will return the same percentage gain as TCRI will over the next say 3 months. If/when APLD nears NAS listing then really it's a crapshoot as to how receptive NAS will be to them in terms of price move. Revisit the swap thought when TCRI makes it's true move upon 8K release. Your swap ratio then may again be that 2-5, this time the other way around!! JMHO
*for full disclosure, I am on both APLD/TCRI, and am the iBox manager for both boards*

sonny22 Sunday, 02/06/22 10:17:40 AM
Re: KingsKnight post# 2070
I sold APLD back in Dec. and bought TCRI, I've thought about taking some profits from TCRI and buying back into APLD. You know a lot more about APLD than I do, I just wanted to know if you think APLD has a good future.

[sonny22]

I sold APLD back in Dec. and bought TCRI, I've thought about taking some profits from TCRI and buying back into APLD. You know a lot more about APLD than I do, I just wanted to know if you think APLD has a good future.

[KingsKnight]

1 Year Rewind...
Took a glimpse of how this looked about 1 year ago.
https://investorshub.advfn.com/Applied-Blockchain-Inc-APLD-28410/?NextStart=232
At that time this ticker was ~$1.M market cap shell, with $9.1M O/S
Stock was reinstated on 12/03/20, became a custodianship soon after, and was then picked up in 2/21 by Wes &Co.
A lot of the posters that were on here have fallen off or are in hiding. As a custodian play, this did really well. The of late rapid decline from $4 will be weighted down a bit with the 1:6 R/S overhang as a likelihood. Not sure I have seen stocks with possible R/S move strong to the upside into an R/S, add also that this no longer is tied to ETH as much, so this will be interesting to observe. GLTA

[KingsKnight]

Another Rough Week Here.
3 out of 5 days were green, but it couldn't manage a green week.
Downward pressure bottomed at $1.35, volume has been above average.
I'm afraid that has hit a reset point. We shall see if anything comes in to break this trading channel.
Well below all retrace points. Weekly downtrend needs to break.

[Tiger Money]

Just put the block on KK

[KingsKnight]

Someone Slip You a Pill??
There's a bit of disinformation in what you are presenting as open conversation. So yes, they attend a conference in Dubai where all the world miners attended on the sponsorship of BitMain the leader in mining equipment & it's a problem? Yes, this stock is not $5, primarily due to the announcement of a R/S on 1/24 via an S1 amendment. Zero volume?, it's never had volume, there's 7.7M shares in the trading float, what sort of volume do you expect?
Crypto is plummeting? Sure nuff, 50% chop off the top likely for total crypto cap.
5c a year ago, this was a shell with 9M O/S, and it was not acquired until later. If anyone is on the bag hold here, I feel for them but it has more to do with the R/S than anything. I suggest you check out their website. You seem to think this is some sham entity. I suggest you look at the reports in a prior post about the growth in data infrastructure spending.
As for liquidity, the OTC liquidity has been weak. But here it's problematic due to there just not being a large float. Anyway, I don't really know what else to say to you. But GL if you're on here or not. While I'm not a fan of the R/S here, what as a business is being built will have value, and a NAS listing will assist that liquidity. JMHO

blackpilled Thursday, 02/03/22 07:36:42 PM
Re: KingsKnight post# 2060
I would like to explain the Dubai connection. Markets like this deserve open conversation, and complex trains of thoughts. APLD did attend the Dubai blackchain conference in December check their Twitter. Their pool partners have middle eastern connections. Turkish currency collapsing. You stock is not $5. It has zero volume and crypto is plummeting. If you think blocking post helps anyone bag holding. Remember this stock was .05 a year ago….look at $mara look at $riot. Caveat emptor.

blackpilled Thursday, 02/03/22 07:38:21 PM
This stock was literally pumped on fed liquidity and collapsed from sell offs and volume hasn’t hit one million since the day they became a “mining company. Defi has yet to make anything substantial. It is a pipe dream and the OTC is going back to triple zeros.

blackpilled Thursday, 02/03/22 07:40:59 PM
The liquidity that propped up this stock is completely gone.

[blackpilled]

Take it for what it is. One whale will kill this stock.

[ItalStallion]

Dubai connection because APLD did attend the Dubai blockchain conference, like dozens other mining/blockchain world companies? Lol...
You keep spreading fake news on this board

Speaking at the World Digital Mining Summit in Dubai. Thank you @BITMAINtech for having us! $APLD #Crypto #CryptocurrencyNews #cryptocurrency pic.twitter.com/PXcPTfzyQA

— Applied Digital (@APLDdigital) November 12, 2021

https://www.prnewswire.com/news-releases/bitmain-will-hold-the-world-digital-mining-summit-2021-in-dubai-from-november-09-10-301385727.html

[blackpilled]

The liquidity that propped up this stock is completely gone.

[blackpilled]

This stock was literally pumped on fed liquidity and collapsed from sell offs and volume hasn’t hit one million since the day they became a “mining company. Defi has yet to make anything substantial. It is a pipe dream and the OTC is going back to triple zeros.

[blackpilled]

I would like to explain the Dubai connection. Markets like this deserve open conversation, and complex trains of thoughts. APLD did attend the Dubai blackchain conference in December check their Twitter. Their pool partners have middle eastern connections. Turkish currency collapsing. You stock is not $5. It has zero volume and crypto is plummeting. If you think blocking post helps anyone bag holding. Remember this stock was .05 a year ago….look at $mara look at $riot. Caveat emptor.

[KingsKnight]

Black Eye Pill..
I'm not sure what exactly you were referencing, and this post of yours I am going to pull as off topic. APLD, is for the most part a data center hosting business- crypto associated. But really not sure the angle of your post. I will leave the quote here, but am removing your post.

blackpilled Thursday, 02/03/22 10:57:42 AM
Re: None
I highly doubt you will see the highs that were reached last October. "Innovative companies" and "ARKK" have ridden the fed liquidity bubble. This is some serious business. DEFI exist just as much at the METAVERSE (see facebook today) I would be very cautious going forward into this year. Also, notice the DUBAI connection to this stock and other high flyer crypto stocks and crypto as a hole moving down. The Middle East grabbed the bag of crypto including Turkey to save its failing currency last fall. Interesting times.

[Chips428]

Agreed Stallion

[ItalStallion]

Can you explain Dubai connection? They are pure US PLAYER, building co-hosting US facilities in which their customers will lease space and access to electricity to mine cryptoassets. Please keep clean this board, with fake news

[KingsKnight]

It's Been Hinted At Prior.
As early as the Dubai BitMain Conference the "hosting only" word were echoed by Wes. Haven't ran through the many prior S1s to see when they first indicated. But it would appear there's likely more stable revenues in hosting/data center business & buildouts- especially since the China ban. Their mining maybe sticks around until it gets phased out/sold. Guess they could always change as well. But the "pure play" ETH mining might be a wrap here as there will be no scale out.These data centers are the new rage worldwide.
https://www.prnewswire.com/news-releases/global-blockchain-technology-market-to-2028-public-cloud-segment-is-expected-to-retain-its-dominance-over-the-forecast-period-301438040.html
https://usdc.vn/blockchain-technology-and-its-potentials-to-the-future-of-data-center/
https://www.idc.com/getdoc.jsp?containerId=prUS47617821

Tiger Money Tuesday, 02/01/22 11:42:39 PM
Re: KingsKnight post# 2054
Sounds odd. So they will basically be a host only and leave current operations at current size?

[Tiger Money]

Sounds odd. So they will basically be a host only and leave current operations at current size?

[KingsKnight]

Another S1/A, v.6 Filed.
Nice to see the uptick to start the month, less volume green tick.
https://fintel.io/sf/us/apld?
https://fintel.io/doc/sec-applied-blockchain-inc-1144879-s1a-2022-february-01-19024-9018

"Mining Cryptoassets: the company currently self-mines Ethereum. Operations will not expand."
"Accordingly, we have determined not to use further resources to expand our cryptomining business at this time."
"We do intend to hold digital assets we mine for investment or conversion into fiat currency for working capital purposes.
We expect that we will exit our mining operations in the future."
R/S language still looks to be intact, with some language change.

Let's see if a green week comes about, can it get back over $1.90!?!

[OceanDrive]

Nice buys coming through!
1.35 may have been bottom but we'll see.

[KingsKnight]

Quite A Month,,
64% Haircut!

[Grouse Hunter]

Great eye! I was looking around for something but guess I needed to do some zooming to find the fine details. Thanks.

[KingsKnight]

Whole Week Could be Scorch Trials.
The B/A spread is actually pretty tight on the trades going off. With the low float, you would expect it to be a bit wider but it's in free fall and that B/A has not opened up to where you see it move big on a trade. In the past, the wide B/A helped the swings. $1.35 is the new bottom, may breach that tomorrow. We shall see how it goes. The velocity of this decline is remarkable.

KeepOn Monday, 01/31/22 08:21:38 PM
Re: KingsKnight post# 2048
It looks like it keeps try to bottom out. Big volume, especially at the end of day, with slight move upward. Tomorrow could be interesting.

[KeepOn]

It looks like it keeps try to bottom out. Big volume, especially at the end of day, with slight move upward. Tomorrow could be interesting.

Maybe some resistance at around 1.35

However, the general trend still seems to be downward.

Good to watch.

[KingsKnight]

$_pike$..
A lot of money is flowing through since this S1a dropped. Looks like it could be an orchestrated share grab as well. Perhaps all available retail share are getting captured by large/r entities. Shenanigans are part of investing life. Volume precedes Price! LOL, GL!

KeepOn Monday, 01/31/22 07:49:27 PM
Re: KingsKnight post# 2043
Hmmm. The games people play. Will keep a close watch.

[ItalStallion]

Bitmain. Create long term value.Establish trustworthy partnership. Achieve win-win cooperation

[KeepOn]

Hmmm. The games people play. Will keep a close watch.

[ItalStallion]

The word Bitmain on the lower part...when the wise man points to the moon, the fool looks at his finger.A legacy shareholder