Wes Cummins
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- RAISE Summit17 min
Wes Cummins, Founder & CEO of Applied Digital: Ellendale’s Purpose Built AI Factory in North Dakota
Applied Digital is expanding its high-power density data center operations by securing a 400-megawatt contract with CoreWeave to construct a North Dakota campus utilizing stranded wind energy and designed for AI workloads. The company transitioned from Bitcoin mining to Tier 3 semiconductor-grade infrastructure after spending $5 billion on this project to ensure "five nines" reliability and extreme cooling standards for hyperscalers. With approximately 3% ownership by NVIDIA, the firm is capitalizing on the shortage of available power sites in the U.S. heartland while planning future phases that will integrate gas assets and explore nuclear options like small modular reactors.
- RAISE Summit8 min
Keynote by Wes Cummins, CEO and Co-Founder of Applied Digital | RAISE Summit 2024 | Paris
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.