Page 56 - Applied Blockchain News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Share this article Share this article DALLAS, April 16, 2021 /PRNewswire/  Applied Blockchain, Inc. ( Applied Blockchain or the Company ) (OTC: APLD), today announced it has entered the Ethereum and Altcoin mining market through strategic partnerships with industry leading companies SparkPool and General Mining Research ( GMR ). The Company successfully completed an oversubscribed private investment  of $16.5 million in proceeds, before fees and expenses. Business Highlights Creates pure play publicly traded Ethereum mining company Strategic Partnership with SparkPool (the largest Ethereum mining pool in the world) and GMR will enable APLD to scale quickly with industry leading efficiency SparkPool and GMR each take a 9.9% equity stake in APLD and have executed a three-year services agreement with one year auto renewals

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