# Wes Cummins

> Wes Cummins is the Dallas-based co-founder, chairman and CEO of Applied Digital, which develops and operates infrastructure for AI and high-performance computing. A technology investor for more than two decades, he founded 272 Capital and previously worked at B. Riley and Nokomis Capital. Raised on an Idaho potato farm, he played college football at Washington University in St. Louis before pursuing finance.

- **Role:** Co-founder, Chairman and Chief Executive Officer at Applied Digital
- **Organizations:** Applied Digital, 272 Capital LP, Nokomis Capital, B. Riley, Sequans Communications
- **Education:** BSBA, finance and accounting, Washington University in St. Louis
- **Known for:** Co-founded and leads Nasdaq-listed Applied Digital., Founded technology investment firm 272 Capital and sold it to B. Riley Financial in 2021., Led Applied Digital through its transition from blockchain hosting toward AI infrastructure.

## Career timeline

- **2002** — Joined B. Riley as an equity research analyst covering technology hardware; later became director of research and president.
- **2012-2020** — Worked at Nokomis Capital, focusing on technology investing.
- **2020** — Founded 272 Capital.
- **2021** — Co-founded Applied Digital with Jason Zhang; sold 272 Capital to B. Riley Financial.
- **2022** — Began the move toward AI and high-performance computing infrastructure, according to his later account.
- **2023** — Worked with NVIDIA’s data-center design team and pursued larger AI infrastructure builds.
- **2025** — Applied Digital signed initial 250 MW CoreWeave leases at Ellendale, North Dakota.
- **2026** — Applied Digital extended its development opportunity to Finland with access to up to 1 GW of potential power capacity.

## Achievements

- Co-founded and leads Nasdaq-listed Applied Digital.
- Founded technology investment firm 272 Capital and sold it to B. Riley Financial in 2021.
- Led Applied Digital through its transition from blockchain hosting toward AI infrastructure.
- Secured CoreWeave as the anchor tenant for the Ellendale AI campus.

## Latest updates

- **2026-10** — Applied Digital reported fiscal Q1 2027 revenue of $341.9 million and a net loss attributable to common stockholders of $221.0 million.
- **2026-10** — Announced access to up to 1 GW of potential power capacity in Finland, with initial availability anticipated in 2028.
- **2026-01** — Co-founder Jason Zhang became Applied Digital president; Cummins remained chairman and CEO.

## Links

- Website: https://www.applieddigital.com/leadership
- LinkedIn: https://www.linkedin.com/in/wes-cummins-63114481

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Profile page: https://yespress.io/wes-cummins
Published by YesPress — https://yespress.io
Last updated: 2026-10-15