DALLAS, Texas, June 25, 2021 /PRNewswire/ Â Applied Blockchain, Inc. ( Applied Blockchain or the Company ) (PINK: APLD), has announced the commencement of its Ethereum/ Altcoin mining operation. The $5 million in mining hardware acquired by the Company has been installed at a facility in North America. This arrangement is a result of the Company s pivot from its originally planned deployment set to launch in China. Despite the logistical and operational challenges it created, pivoting our installation from Asia to North America mid-course was the right decision given current market conditions, said Applied Blockchain, Inc. s CEO and Chairman, Wes Cummins. We are now in a solid position to leverage our supply chain and partners to scale hash power rapidly.
Applied Blockchain, Inc Launches Mining Operations
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Applied Blockchain, Inc Completes Name Change as It Prepares to Pursue Uplisting to Major Exchange
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Altcoins To Drive The Next Surge Post Crypto Market Crash, Says GlobalData Date
03/06/2021
All cryptocurrencies other than Bitcoins are known as altcoins. With the crypto market crashing recently and the prices of Bitcoins witnessing a heavy turbulence, investors are changing their assets from Bitcoins to altcoins as they are comparatively inexpensive, offer a significant growth potential and are paving the way for the next crypto revolution, says GlobalData, a leading data and analytics company.
While Bitcoin is the most mainstream accessible cryptocurrency that has attracted the maximum interest, investors have begun to explore other coins hoping to replicate Bitcoin s meteoric rise. Altcoins are scalable, affordable, provide efficient and cost-effective means to conduct transactions. Despite striking parallels, the great majority of altcoins offer unique services and functions.