Applied Digital Opens 3rd Blockchain Data Center, Shifts Focus to AI Computing

Applied Digital opened a new 200MW data center in Texas for blockchain hosting and Bitcoin mining.

The facility marks Applied Digital's 3rd blockchain hosting center in North America, totaling 480MW capacity.

Applied Digital only hosts miners owned by other companies. This generated $22M revenue in recent quarter.

Like other miners, Applied Digital is shifting focus to high-performance computing for AI over Bitcoin mining.

Applied Digital stock price fell 5.3% on news of the new facility, as investors remain uncertain on the strategy shift.