Applied Blockchain, Inc. (APLD) Files for a Nasdaq IPO

Applied Blockchain, Inc. (OTC: APLD) (NASDAQ: APLD) files for an IPO to uplist to Nasdaq.

The company describes itself as: "We are a participant in the dynamic cryptoeconomy, actively mining cryptoassets and developing hosting services offered to other cryptoasset (crypto) miners. We are positioning ourself to play an active role in increasing acceptance of cryptoassets, recognizing cryptoassets as a currency and store of value. While crypto itself is not new, demand for it in the recent years has led to many financial institutions giving clients exposure through various investment vehicles, retail investors allocating portions of their portfolios to crypto, merchants accepting crypto as a form of payment, crypto ATM machines becoming more readily available around the world, and at least one government approving Bitcoin as legal tender requiring merchants to be able to accept Bitcoin as well as other forms of currency. "

B. Riley Securities will serve as sole underwriter.

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