AI NEWS PAGE DOSSIER
Technology investing → Applied Blockchain → Applied Digital → turning North Dakota power into AI-factory real estate.
Cummins spent decades in technology investing, moved from Wall Street and hedge funds into a revived public company, pushed it from crypto mining toward high-performance data centers, and turned Applied Digital into a landlord for CoreWeave-scale AI infrastructure.
2002
Applied Digital's SEC materials list Cummins as president of B. Riley & Co. from 2002 through 2011, part of a career built around technology investing and capital markets.
RECEIPTS: Applied Digital / SECreported
2012
Cummins joined Nokomis Capital in 2012 and led technology investing there through 2020.
RECEIPTS: Applied Digital / SECreported
2020
Cummins founded 272 Capital, an investment adviser focused on technology hardware, software, and services, before selling it to B. Riley Financial in 2021.
RECEIPTS: Applied Digitalfirst-partyApplied Digital / SECreported
2021
In 2021 the company changed its name to Applied Blockchain and began the next-generation data-center business that Cummins would steer as chairman and chief executive.
RECEIPTS: Applied Digitalfirst-partyApplied Digital / SECreported
Nov 17, 2022
Applied Blockchain formally became Applied Digital as the company broadened beyond crypto mining toward high-performance computing, artificial intelligence, machine learning, and other compute-heavy uses.
RECEIPTS: Applied Digitalfirst-party
Jun 2, 2025
Applied Digital announced two roughly 15-year leases to deliver 250 MW of critical IT load to CoreWeave at its Ellendale campus, with about $7 billion in anticipated lease revenue.
RECEIPTS: Applied Digitalfirst-party
Aug 2026
Applied Digital reported about 1.4 GW of capacity under construction and another 1.7 GW being marketed across multiple states as it expanded its AI-factory platform.
RECEIPTS: Applied Digitalfirst-party