#applied blockchain

Applied Digital Launches Independent Fund to Acquire

DALLAS, Nov. 21, 2022 (GLOBE NEWSWIRE) — Applied Digital Corporation (Nasdaq: APLD) (“Applied Digital” or the “Company”), a designer, builder and operator of next-generation digital infrastructure that is designed for High Performance Computing (“HPC”) applications, has launched an independent fund aimed at acquiring distressed cryptocurrency assets, which may include mining hardware and digital…

Applied Blockchain Changes Name, Enters Purchase Agreement for Land in North Dakota

This week the mining operation Applied Blockchain announced that it is changing its company name to Applied Digital. Furthermore, the mining operation released 2022 financial results and operational updates that noted that the mining firm entered a purchase agreement on August 15 for land in North Dakota. Applied Digital Enters Purchase Agreement on August 15, Groundbreaking Planned for Q3…

Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting ‘Wasted Gas to Energy at Scale’

The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas power stations in Ontario, Canada, that will become crypto mining facilities. On the same day, the firm…

Marathon inks new arrangements to achieve 2023 hash rate target

The Bitcoin mining firm is looking beyond its current troubles into next year to secure the energy it needs to make up a more significant portion of the network’s hash rate.

Applied Blockchain Secures $2.5 Funding For Applications Using Zero-Knowledge Proofs

Applied blockchain has secured $2.5 million in funding for applications that use zero-knowledge proofs, or ZKPs, lead by Hong Kong-based venture capital firm QBN Capital.

The funds are designated for the development of a platform featuring ZKPs and other privacy-oriented technologies. The platform is intended to facilitate collaboration between firms without risking leaking valuable data.

Applied Blockchain, one of the UK’s leading developers of distributed ledger technology and smart contracts, has announced the alpha release of K0, a zero-knowledge proof library that has been in development for the better part of the past year.

K0 (pronounced “K-zero”) sets out to generate private digital assets compatible with multiple enterprise blockchains.

The Applied Blockchainteam set out…