Brew Markets Why Spotify is Trying Two CEOs & Data Centers Demystified with Wes Cummins
Oct 3, 2025
Wes Cummins, the CEO and co-founder of Applied Digital, shares his insights into the fascinating world of data centers, the backbone of AI technology. He explains the metrics that define modern data centers, like power density and megawatts. Discussing Applied Digital's pivot from Bitcoin to AI, he reveals their proactive strategy in building facilities ahead of demand. Wes also touches on North Dakota’s strategic advantages for data centers, including its cold climate and renewable energy resources, while addressing community concerns and workforce strategies.
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Co-CEO Titles Rarely Remove Founder Control
- Spotify named two co-CEOs but Daniel Ek stays as an active executive chairman and retains decision power.
- Co-CEO setups can provide horsepower but often blur who is ultimately in charge.
Data Centers Are Now Power, Not Floor, Businesses
- Measure modern data centers by power (megawatts) and rack power density, not just square footage.
- AI factories need far higher power per rack than legacy video-serving centers.
From Bitcoin Rigs To AI Factories
- Applied Digital began building data centers for Bitcoin miners before pivoting toward AI and HPC.
- The company repurposed its power assets and supply-chain knowledge to chase AI demand.