Applied Blockchain Inc (APLD): Partnership with BITMAIN growing "In De...

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Applied Blockchain Inc (APLD)

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Tuesday, 12/14/2021 3:34:52 PM

Tuesday, December 14, 2021 3:34:52 PM

Partnership with BITMAIN growing
"In December 2021, we and Bitmain Technologies Holding Company, or Bitmain, agreed to a non-binding term sheet to form one or more entities owned 80% by us and 20% by Bitmain, to develop, acquire, construct, finance, operate, maintain and own one or more next-generation data centers with up to 1.5GW of capacity for hosting blockchain infrastructure. We will be responsible for all site development, construction, and operations. Bitmain will provide technical, sourcing, operational and financial resources to the venture"

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