Key information

🔎 Fund Overview

Applied Digital Corporation designs, develops and operates datacenters across North America to provide digital infrastructure solutions to the high-performance computing (HPC) industry. It also provides substantial compute power to blockchain infrastructure and supports Bitcoin mining. It collaborates with local utilities to solve the problem of congestion on the power grid while stimulating the development of additional renewable energy. It operates co-hosting facilities that are designed to provide computing power in which its customers lease space and access to electricity primarily designed to mine crypto assets. Its datacenters primarily host servers securing the Bitcoin network but can also host hardware for other applications such as artificial intelligence, machine learning and other blockchain networks. Its datacenters are hosting sites for HPC applications that offer high compute power solutions. Its co-hosting facilities are in Jamestown, North Dakota and Garden City, Texas.