Applied Digital Signs Anchor Tenant at Ellendale HPC Facility

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.

About Applied DigitalApplied Digital (Nasdaq: APLD) designs, develops, and operates next-generation data centers across North America to provide digital infrastructure solutions to the rapidly growing high-performance computing (HPC) industry. Find more information at www.applieddigital.com. Follow us on Twitter at @APLDdigital. 

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Investor Relations ContactsMatt Glover or Alex KovtunGateway Group, Inc.(949) [e-mail]

Media ContactBrenlyn Motlagh or Diana JarrahGateway Group, Inc.(949) [e-mail]