STOCK TITAN

Applied Digital Announces Groundbreaking of High-Performance Computing Facility in Ellendale, North Dakota

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
Applied Digital Corporation (Nasdaq: APLD) has announced the groundbreaking of its first 100 MW high-performance compute facility in Ellendale, North Dakota. The purpose-built facility is designed for AI workloads and will provide ultralow cost and highly efficient liquid-cooled infrastructure for HPC applications. The facility will accommodate nearly 50,000 Nvidia's H100 SXM class GPUs in a single parallel compute cluster.
Positive
  • None.
Negative
  • None.

Revolutionizing AI: 100MW HPC Facility Purpose Built for AI Workloads Represents Innovative Infrastructure Design

DALLAS, Oct. 31, 2023 (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 groundbreaking of its first 100 megawatt ("MW") high-performance compute facility in Ellendale, North Dakota. This facility is designed and purpose-built for Artificial Intelligence (AI) workloads such as generative AI, natural language processing, machine learning, rendering, and traditional HPC applications.

The new 342,000-square-foot building will provide ultralow cost and highly efficient liquid-cooled infrastructure for HPC applications. Applied Digital’s unique datacenter design offers multi-story datacenter buildings that leverage high-density racks to accommodate nearly 50,000 of Nvidia’s H100 SXM class GPUs in a single parallel compute cluster.

“Designing for 80MW of IT load in a highly dense application literally required thinking inside a smaller box. We worked with and interviewed major OEM companies and feel confident about how our new design will perform. We put the inner-data center network infrastructure and design first and then addressed the issues of power distribution and heat rejection,” said Brad Barton, EVP of Real Estate Development at Applied Digital.

“The evolving landscape of AI and HPC applications calls for a substantial increase in compute power, and our purpose-built Ellendale facility will be one of the first of its kind to meet those demanding requirements,” said Mike Maniscalco, CTO of Applied Digital. “Our unique, proprietary design and strategic placement of the facility near sources of abundant and renewable power will offer unprecedented infrastructure for these types of workloads at a significant cost reduction to our customers while delivering enhanced performance through our data center design that highly maximizes compute GPU density.”

As the HPC markets continue to grow with an expected revenue of $65.12 billion globally by 2030, Applied Digital expects to continue its advancements into these adjacent markets.

About Applied Digital
Applied 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. 

Forward-Looking Statements
This release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 regarding, among other things, future operating and financial performance, product development, market position, business strategy and objectives. These statements use words, and variations of words, such as "continue," "build," "future," "increase," "drive," "believe," "look," "ahead," "confident," "deliver," "outlook," "expect," and "predict." Other examples of forward-looking statements may include, but are not limited to, (i) statements of Company plans and objectives, including our evolving business model, or estimates or predictions of actions by suppliers, (ii) statements of future economic performance, and (iii) statements of assumptions underlying other statements and statements about the Company or its business. You are cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events and thus are inherently subject to uncertainty. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the Company's expectations and projections. These risks, uncertainties, and other factors include: decline in demand for our products and services; the volatility of the crypto asset industry; the inability to comply with developments and changes in regulation; cash flow and access to capital; and maintenance of third party relationships. Information in this release is as of the dates and time periods indicated herein, and the Company does not undertake to update any of the information contained in these materials, except as required by law.

Investor Relations Contacts
Matt Glover or Alex Kovtun
Gateway Group, Inc.
(949) 574-3860
APLD@gateway-grp.com

Media Contact
Brenlyn Motlagh or Diana Jarrah
Gateway Group, Inc.
(949) 899-3135
APLD@gateway-grp.com


FAQ

What is the company behind the 100 MW high-performance compute facility in Ellendale, North Dakota?

The company behind the facility is Applied Digital Corporation (Nasdaq: APLD).

What is the purpose of the facility?

The facility is purpose-built for AI workloads, including generative AI, natural language processing, machine learning, rendering, and traditional HPC applications.

What is the size of the facility?

The new facility spans 342,000 square feet.

What type of infrastructure does the facility provide for HPC applications?

The facility offers ultralow cost and highly efficient liquid-cooled infrastructure for HPC applications.

How many Nvidia GPUs can the facility accommodate?

The facility can accommodate nearly 50,000 of Nvidia's H100 SXM class GPUs in a single parallel compute cluster.

Applied Digital Corporation

NASDAQ:APLD

APLD Rankings

APLD Latest News

APLD Stock Data

1.70B
167.34M
20.76%
65.46%
18.24%
Information Technology Services
Services-computer Processing & Data Preparation
Link
United States of America
DALLAS