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Utilized Blockchain Pronounces Appointment and Promotion of

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DALLAS, Aug. 01, 2022 (GLOBE NEWSWIRE) — Applied Blockchain, Inc. (Nasdaq: APLD) (“Utilized Blockchain” or the “Firm”) introduced immediately the promotion of Regina Ingel from Govt Vice President of Operations to Chief Advertising and marketing Officer (“CMO”) efficient August 1, 2022. Ingel had served because the Firm’s Govt Vice President of Operations since April 2021. In her new function as CMO, Ingel will lead Utilized Blockchain’s absolutely built-in advertising technique to help the Firm’s subsequent stage of accelerated progress and additional market penetration, together with company branding, group outreach, communications, advertising, investor relations, and social media engagement programing.

“Regina’s enterprise growth experience and thorough grasp of Utilized Blockchain’s strategic imaginative and prescient and key initiatives will solely be extra obvious and impactful as our CMO,” mentioned Utilized Blockchain Chairman and CEO, Wes Cummins. “Regina has been with our firm basically since its founding and has, like many people, worn a number of hats by Utilized Blockchain’s speedy progress. At present, I’m happy to formally appoint her to this place, which is able to present an elevated alternative for her to make a bigger impression at Utilized Blockchain.”

Ingel joined Utilized Blockchain shortly after its founding as Govt Vice President of Operations. Previous to Utilized Blockchain, Ingel was a profitable entrepreneur, leveraging her advertising experience and scaling companies for each startups and huge firms.

“Utilized Blockchain is a disruptor on the forefront of the monetary {industry}’s digital transformation, with a dedication to a sustainable blockchain infrastructure, white-glove customer support, and industry-leading execution,” mentioned Ingel. “I’m thrilled to develop my function inside the Firm and sit up for accelerating our progress, management voice, group engagement and persevering with to construct our momentum inside the blockchain {industry}.”

Earlier this month Utilized Blockchain announced a five-year internet hosting contract with Marathon Digital Holdings, Inc. (Nasdaq: MARA) (“Marathon”) for 200-Megawatts (“MW”) of Bitcoin mining capability. Partnering with Marathon, one of many largest Bitcoin miners within the {industry}, represents a big step ahead in Utilized Blockchain’s progress trajectory.

About Utilized Blockchain

Utilized Blockchain, Inc. (Nasdaq: APLD) is a builder and operator of next-generation information facilities throughout North America, which offer substantial compute energy to blockchain infrastructure and help Bitcoin mining. The Firm has partnered with a few of the most acknowledged names within the {industry} to develop, deploy, and scale its enterprise. Discover extra info at www.appliedblockchaininc.com. Observe us on Twitter at @APLDBlockchain.

Investor Relations Contacts
Matt Glover or Jeff Grampp, CFA
Gateway Group, Inc.
(949) 574-3860
[email protected]

Media Contact
Catherine Adcock
Gateway Group, Inc.
(949) 574-3860
[email protected]

A photograph accompanying this announcement is offered at https://www.globenewswire.com/NewsRoom/AttachmentNg/af7981fd-37d7-4b40-8b73-f8f20755ac20

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