Applied Blockchain Announces Official Name Change to Applied Digital

DALLAS, Nov. 17, 2022 (GLOBE NEWSWIRE) — Applied Digital Corporation (Nasdaq:APLD) (“Applied Digital ” or the “Company”), a designer, builder and operator of next-generation datacenters that provide power to blockchain infrastructure and support High-Performance Computing (HPC) applications, formally changed its name from “Applied Blockchain, Inc.” to “Applied Digital Corporation” effective as of November 17, 2022. The Company’s refreshed name more accurately reflects its mission, services and broader business offerings to serve customers that require large amounts of computing power for applications. While Applied Digital continues to be a premier provider of digital infrastructure for cryptocurrency mining operations, considered HPC applications, it is important for the Company to distinguish that its next-generation datacenters support many other HPC applications as well. Approved by shareholders at the Company’s Annual General Meeting on November 10, 2022, the name change will have no impact on strategy or operations, and the Company’s ticker symbol, “APLD,” will remain unchanged.

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