Share this article
Applied Blockchain Adjusts $60M Nasdaq IPO
The company is now offering over 8.5 million shares of common stock for a lower price, $6 to $8 a share.
Updated May 11, 2023, 4:09 p.m. Published Apr 12, 2022, 12:19 p.m.
Enterprise blockchain firm Applied Blockchain has adjusted its initial public offering (IPO).
- The Dallas-based builder of data centers for bitcoin mining operations is now offering over 8.58 million shares of common stock compared to the 3.24 million offered previously. The price range has been reduced to $6-$8 from $16.54-$20.54, so the overall size of the IPO remains the same at $60 million.
- Additionally, underwriters now have a 30-day option to purchase up to an additional 1,285,714 shares (15%) of the common stock, increased from the previous figure of 485,436.
- It is not entirely clear why Applied Blockchain has taken this step, though it is likely the firm made the changes to make its offering more attractive.
- Applied Blockchain is currently listed on the over-the-counter "pink sheets" market and is filing to list on the Nasdaq Global Select Market under the ticker "APLD."
- The firm's first data center in North Dakota was providing 55 megawatts of energy to customers as of early February. In November, it agreed to develop a 200MW wind-powered facility in Texas.
Read more: Applied Blockchain Files for $60M Nasdaq IPO
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase rolls out stock trading, prediction markets and more in bid to become the ‘Everything Exchange’
Coinbase is dramatically expanding the assets available to trade on its platform, including novel cryptocurrencies, perpetual futures, stocks and prediction markets, starting with Kalshi.
What to know:
- Coinbase is expanding offerings on its platform, introducing hundreds of top stocks based on market cap, trading volume, etc, with plans to add thousands of additional stocks and ETFs over the coming months.
- Coinbase users will also be able to trade on the outcomes of real-world events like elections, sports, collectibles, and economic indicators, starting with Kalshi and more to be integrated over time.
- A new AI-driven wealth management advisory service has been introduced, as well as Coinbase Business to help startups and small businesses incorporate crypto.
Top Stories
