Applied Blockchain, Inc. announced it has formed a joint venture with Antpool Capital Asset Investment L.P., bringing together the provider of blockchain mining solutions and a leader in next generation datacenters used to host blockchain infrastructure. Applied Blockchain and Antpool intend to leverage their combined resources and expertise to initially build up to 1.5 Gigawatts (GWs) of datacenter hosting capacity over the next 24 months. The joint venture is majority owned by Applied Blockchain, which has responsibility for all site development, construction, and operations.

Antpool, together with its affiliate BITMAIN, will provide technical, sourcing and operational resources to the venture. Antpool will also appoint an advisor to the Joint Venture. Both parties agree to establish a vital cooperative partnership.

Building successful partnerships is part of Antpool and BITMAIN's core strategy.