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Wes Cummins

👤 Speaker
430 total appearances

Appearances Over Time

Podcast Appearances

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

And I'm, I'm super optimistic on the growth there.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

So the this is the

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

maybe a snarky comment, but the best way to solve those is to do it two years ago.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

And so that's what we did is when we were going through the first build, what we did, we redesigned, we really slimmed down the amount of critical vendors that we use really to just a handful, four or five.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

And so that streamlined our supply chain.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

And then what we did with those vendors is, again, I'm like, hey, I think this is going to be a big market.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

And so we went and bought out capacity of their factories.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

So I bought out all the capacity of my key component suppliers.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

of their factories.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

In some cases, we've really helped them with their ramping up their manufacturing of some of the things that we need.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

But we did this two years ago when the market wasn't like it is right now.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

And so we've locked in that supply chain, what we call MEP, mechanical, electrical, and plumbing.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

That's the key of the supply chain.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

So that's all of our, you know, medium voltage switch gear, step-down transformers, chillers, heat rejection, all of those items.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

So locking that in a couple of years ago is a big advantage for us.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

And then when you look through the rest of it, so power's always gonna remain, you know, in my opinion, an issue.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

We started an IPP that Applied Digital shareholders participate in as well to go build power generation.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

What that's gonna do for us is,

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

We have the grid power that we've already contracted and that'll let us build through, you know, 2028, like in North Dakota.

The Rundown
How Applied Digital Became the Landlord for Big Tech’s AI Buildout

But those campuses have the ability from a physical delivery perspective, the grid perspective, to deliver a lot more electrons, but we need to make those electrons.