Applied Digital’s operational update noted that the bitcoin mining firm entered a purchase agreement on August 15 for land in North Dakota.
“[Applied Digital’s] third co-hosting facility will be in North Dakota, at a different location than its current Jamestown facility. As previously announced, the Company has executed a letter of intent with a utility and is in the late stages of design and pre-construction,” the company detailed. “On August 15, 2022, [Applied Digital] entered into an agreement for the purchase of raw land in North Dakota for construction of the facility.
Applied Digital joins a slew of mining operations expanding in 2022 despite the harsh crypto winter and low digital asset market values. Genesis Digital Assets
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