Supercomputer

Applied Digital Completes Financing for Jamestown HPC Data Center Campus

Retrieved on: 
Tuesday, March 5, 2024
Supercomputer, Graphics processing unit, Bank, Cryptocurrency

DALLAS, March 05, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, today announced the Company has closed a previously secured loan agreement with The Bank of North Dakota and Cornerstone Bank for $16 million in site-level financing for its 10MW Jamestown HPC data center campus.

Key Points: 
  • DALLAS, March 05, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, today announced the Company has closed a previously secured loan agreement with The Bank of North Dakota and Cornerstone Bank for $16 million in site-level financing for its 10MW Jamestown HPC data center campus.
  • The Company intends to use the loan, which has a 5-year term, to support its operations at the standalone data center, which will house graphics processing units (GPUs) and support various HPC/AI applications.
  • “The execution of this attractive financing is a testament to the strength and support of our banking relationships,” said Applied Digital CFO David Rench.
  • “We're proud to partner with The Bank of North Dakota as they continue to support the development of digital infrastructure across the state.”
    Applied Digital’s next-generation data centers are designed and built for hosting HPC/AI applications that can offer lower-cost, high-efficiency solutions compared to traditional data centers that are typically higher cost and do not have the ability to provide the power-density/cooling required for AI/ML workloads.

Rachel H. Lee Elected to Applied Digital Board of Directors

Retrieved on: 
Thursday, February 22, 2024
University, Corporate finance, J. P. Morgan, Digital, Partner, Supercomputer, Initial public offering

DALLAS, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, announced Rachel H. Lee was appointed as an independent director to its Board of Directors (the “Board”), effective February 22, 2024.

Key Points: 
  • DALLAS, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, announced Rachel H. Lee was appointed as an independent director to its Board of Directors (the “Board”), effective February 22, 2024.
  • Rachel Lee brings seventeen years of finance and investment experience and nearly a decade of board experience at growth companies to Applied Digital’s Board.
  • “We are pleased to welcome Rachel Lee to our Board of Directors,” said Wes Cummins, CEO & Chairman of the Board at Applied Digital.
  • In addition, on behalf of our entire Board, we thank Kelli McDonald and Virginia Moore for their important contributions to Applied Digital during their time as directors.”
    “I am thrilled to join Applied Digital's Board of Directors at such an exciting time,” said Lee.

SOS Ltd Provides Operating Update of its Super-Computing Centers in the U.S.

Retrieved on: 
Friday, March 8, 2024
SOS, Growth, S99, FD, Supercomputer, Thor, Miner, BTC

NEW YORK, March 8, 2024 /PRNewswire/ -- SOS Limited ("SOS" or the "Company") (NYSE: SOS ) provides update of its two Super-Computing centers in the U.S.

Key Points: 
  • NEW YORK, March 8, 2024 /PRNewswire/ -- SOS Limited ("SOS" or the "Company") (NYSE: SOS ) provides update of its two Super-Computing centers in the U.S.
    SOS Ltd is providing an interim operating snapshot of it's North American Super-Computing Centers.
  • Between January 2023 and February 29, 2024 SOS has mined a total of 29.434 BTC.
  • Through its majority owned joint venture, FD LLC, SOS operates 726 Thor miner S99 in the Wisconsin Super-Computing Center and 1,086 Thor miner S99 in the Texas Super-Computer Center.
  • Additionally, FD Ltd., is hosting approximately 7400 S19 XP miners in the Texas site which has a 42MW capability.

Cryptsoft licenses KMIP (Key Management Interoperability Protocol) to xFusion Digital Technologies for use in Baseboard Management Controllers

Retrieved on: 
Monday, February 19, 2024
KMIP, Production, AI, Intelligent Platform Management Interface, IT infrastructure, Digital electronics, College of Engineering (KNUST), Business development, HCI, Supercomputer, Ecosystem, Key management, X-Fusion, BMC, Online shopping

BRISBANE, Australia, Feb. 19, 2024 /PRNewswire/ -- Cryptsoft has reinforced and extended their position as the preferred supplier of KMIP (Key Management Interoperability Protocol) technologies into major storage vendors, by licensing their KMIP C Client technology to xFusion Digital Technologies for use in their BMC (baseboard management controller).

Key Points: 
  • BRISBANE, Australia, Feb. 19, 2024 /PRNewswire/ -- Cryptsoft has reinforced and extended their position as the preferred supplier of KMIP (Key Management Interoperability Protocol) technologies into major storage vendors, by licensing their KMIP C Client technology to xFusion Digital Technologies for use in their BMC (baseboard management controller).
  • By offering the KMIP enabled BMC within the popular 'Fusion Server 2288H v6' range, xFusion have met their customer's demand for globally proven encryption key management in their core products.
  • "xFusion licensed the Cryptsoft KMIP Client for use in the xFusion BMC (Baseboard Management Controller) because of their global position as the leading supplier of trusted KMIP technology," said Liang Duolun, Director of Production Procurement Qualification Department.
  • "Having any xFusion product that uses the BMC be able to seamlessly drop into any KMIP ecosystem worldwide is invaluable, especially in markets where KMIP enhanced security is a critical requirement."

Applied Digital Joins AI Alliance to Collaborate with Industry Leaders to Advance Open, Safe, and Responsible AI

Retrieved on: 
Monday, February 12, 2024
Artificial intelligence, AI, Intelligence, IBM, Government, Safety, Meta, Organization, Supercomputer, Trust, Medical device

DALLAS, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, announces its an AI Alliance member.

Key Points: 
  • DALLAS, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, announces its an AI Alliance member.
  • The AI Alliance is comprised of some of the leading organizations across the AI industry, including startups, academia, researchers, and the government, coming together to support open innovation and open science in responsible AI.
  • The AI Alliance is focused on fostering an open community and enabling developers and researchers to accelerate responsible innovation in AI while ensuring scientific rigor, trust, safety, security, diversity, and economic competitiveness.
  • Applied Digital has built a reputation for state-of-the-art low-cost digital infrastructure, strategically placing data centers at the power generation source for high-performance computing applications.

Applied Digital Secures Additional Financing

Retrieved on: 
Tuesday, February 6, 2024
Supercomputer, HPC

DALLAS, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, announced that effective January 30, 2024, the Company obtained an unsecured loan with a maximum principal amount of $20 million.

Key Points: 
  • DALLAS, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, announced that effective January 30, 2024, the Company obtained an unsecured loan with a maximum principal amount of $20 million.
  • The Company intends to use the loan, which has a two-year term and 12.5% interest rate, to provide additional liquidity to fund the buildout of its HPC data centers.
  • Additionally, the Company has secured $16 million in site-level financing for its Jamestown HPC facility, which is expected to close in the coming weeks.
  • It is a continued endorsement of the strength of our business and growth trajectory,” said Applied Digital CFO David Rench.

EQS-News: Northern Data Group appoints Group Chief Financial Officer

Retrieved on: 
Wednesday, January 17, 2024
Cloud, Asos, Audit, KPMG, HM Land Registry, CFO, Taiga, University, New Zealand Institute, Risk, Growth, Ticker, NB2, IPO, HPC, Supercomputer

Elliot Jordan will join the Group’s Executive Committee, bringing extensive finance and capital markets experience

Key Points: 
  • Elliot Jordan will join the Group’s Executive Committee, bringing extensive finance and capital markets experience
    Frankfurt/Main – 15 January 2024 – Northern Data Group (Ticker symbol German stock market: NB2 , ISIN: DE000A0SMU87 ) a leading provider of High-Performance Computing (HPC) infrastructure solutions, today announces a key appointment to its Group Executive Committee of Elliot Jordan as Group Chief Financial Officer.
  • In his role as Group Chief Financial Officer, Elliot will lead Northern Data Group’s financial strategy and support the Group’s wider growth as it drives innovation across the HPC market.
  • Aroosh Thillainathan, Founder and Group Chief Executive Officer, comments: “I’m very pleased to welcome Elliot to Northern Data Group and the Group Executive Committee.
  • Following Aroosh’s vision, Northern Data Group has become a leading provider of High-Performance Computing solutions and is primed to capitalize on the global market opportunity.”

Applied Digital Reports Fiscal Second Quarter 2024 Results

Retrieved on: 
Tuesday, January 16, 2024
Cloud, Artificial intelligence, GPU, ATM, Digital, GAAP, Graphics processing unit, Depreciation, HPC, Machine learning, Nature, Supercomputer, Growth, Renewable energy

DALLAS, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, cloud services (“Cloud services”), and datacenter hosting (“Datacenter hosting”), reported financial results for the fiscal second quarter ended November 30, 2023. The Company also provided an operational update.

Key Points: 
  • Financial Results for Fiscal Second Quarter 2024 Ended November 30, 2023
    Applied Digital ended the fiscal quarter with cash, cash equivalents, and restricted cash of $34.6 million and $42.8 million in debt outstanding.
  • Total revenues in the fiscal second quarter 2024 were $42.2 million, up 242% from the fiscal second quarter 2023.
  • Cost of revenues in the fiscal second quarter 2024 was $29.2 million compared to $11.8 million in the fiscal second quarter 2023.
  • Selling, general and administrative expenses in the fiscal second quarter 2024 were $21.1 million compared to $27.2 million in the fiscal second quarter of 2023.

Applied Digital Signs Anchor Tenant at Ellendale HPC Facility

Retrieved on: 
Tuesday, January 16, 2024
TCV, Supercomputer

DALLAS, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, announced today it has signed a conditional agreement to provide datacenter capacity at its Ellendale, North Dakota campus, subject to finalization of definitive lease documents.

Key Points: 
  • DALLAS, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Applied Digital Corporation (Nasdaq: APLD) ("Applied Digital" or the "Company"), a designer, builder, and operator of next-generation digital infrastructure designed for High-Performance Computing (“HPC”) applications, announced today it has signed a conditional agreement to provide datacenter capacity at its Ellendale, North Dakota campus, subject to finalization of definitive lease documents.
  • The conditional agreement is for a total of 100MWs for a term of 10 years and is conditional on securing financing for the completion of construction.
  • The company is in conversation with potential lenders to secure the project-level financing needed.
  • The total contract value (TCV) is approximately $2.2 billion over the 10-year term.

Northern Data Group appoints Group Chief Financial Officer

Retrieved on: 
Monday, January 15, 2024
Cloud, Asos, Audit, KPMG, Executive Committee, HM Land Registry, CFO, Taiga, University, New Zealand Institute, Risk, Growth, Ticker, NB2, IPO, HPC, Sainsbury's, Supercomputer, Management

Elliot Jordan will join the Group's Executive Committee, bringing extensive finance and capital markets experience

Key Points: 
  • Elliot Jordan will join the Group's Executive Committee, bringing extensive finance and capital markets experience
    FRANKFURT, Germany, Jan. 15, 2024 /PRNewswire/ -- Northern Data Group (Ticker symbol German stock market: NB2 , ISIN: DE000A0SMU87 ) ), a leading provider of High-Performance Computing (HPC) infrastructure solutions, today announces a key appointment to its Group Executive Committee of Elliot Jordan as Group Chief Financial Officer.
  • In his role as Group Chief Financial Officer, Elliot will lead Northern Data Group's financial strategy and support the Group's wider growth as it drives innovation across the HPC market.
  • Aroosh Thillainathan, Founder and Group Chief Executive Officer, comments: "I'm very pleased to welcome Elliot to Northern Data Group and the Group Executive Committee.
  • Elliot Jordan, incoming Group Chief Financial Officer, comments: "I am delighted to be joining Northern Data Group and the Group Executive Committee at such a pivotal moment for the business as it seeks to continue its pace of growth and embrace the next stage in its journey.