- September 28, 2021
- Posted by: Stratford Team
- Category: Business
SparkPool discontinuing pool services expected to have no impact on Applied’s business
Continuing China crackdown expected to boost hosting business
DALLAS, Sept. 27, 2021 /PRNewswire/ — Applied Blockchain, Inc. (“Applied Blockchain” or the “Company”) (PINK: APLD) today reaffirmed its strategic decision to locate its mining operations in North America.
Wes Cummins, Applied Blockchain’s, CEO and Chairman, said, “Today, SparkPool, one of our strategic partners, announced its plans to discontinue both its domestic and international Ethereum mining pool services. We do not expect any impact to our business as a result of this move. We do expect that the continued crackdown in China will provide a strong tailwind to our hosting business for the foreseeable future. We made the strategic decision several months ago to operate our mining business in North America. In addition, we announced our entrance into the hosting business with our first facility under…