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RAISE Summit8 min

Keynote by Wes Cummins, CEO and Co-Founder of Applied Digital | RAISE Summit 2024 | Paris

Wes Cummins

Conference Presentation, Keynote

Applied Digital CEO Wes Cummings outlined the company's strategic pivot from blockchain mining to purpose-built, high-power-density data centers located near renewable energy generation to address the critical power scarcity driving AI expansion. By co-locating liquid-cooled facilities with wind farms and utilizing curtailed energy, the firm aims to deliver over 400 megawatts of capacity while serving early enterprise customers like Character AI. This infrastructure shift responds to a market bottleneck where forecasts predict US data center power needs could quadruple by 2030, far exceeding historical construction rates.