AI Infrastructure Investors

Co-founder, Applied Digital Corp.

Jason Zhang

Jason Zhang co-founded Applied Digital in 2021 and has been its President and Co-Founder since January 2026. The September 2026 proxy shows 2,539,227 shares, under 1% of the common stock.

Role
President and Co-Founder
Company
Nasdaq: APLD
Shares reported
2,539,227 (common stock)
Education
B.A. in Economics, Harvard University.
Stake in Applied Digital Corp.
  • % of main listed class
  • % of votes, where shares carry different votes
  1. Jason Zhang
    under 1%

Beneficial ownership as reported, with holdings as of 16 September 2026. Beneficial ownership can include shares obtainable within 60 days.

Career

  1. 2015 to 2017Analyzed investments at MSD Capital, the family office of Michael Dell.
  2. 2017 to 2019Investment analyst at Sequoia Capital, covering AI, blockchain and digital infrastructure.
  3. 2019Founded Valuefinder, which advises and invests in technology companies.
  4. 2021Co-founded the company.
  5. April to November 2022Director.
  6. August 2025Became Co-Founder and Chief Strategy Officer.
  7. January 2026Became President and Co-Founder, and President, Secretary and a director of Base Electron.

How to read the stake

The stake is small next to the pay. The summary compensation table reports $100,035,346 for fiscal 2026, almost all of it the $99,325,997 reported for stock awards. Reported award value is not cash received.

Source: Applied Digital Corp. DEF 14A, filed 25 September 2026. This page covers what those documents state. It is not a full biography.

Other founders of Applied Digital Corp.

Questions

What does Jason Zhang do at Applied Digital Corp.?

Jason Zhang co-founded Applied Digital in 2021 and has been its President and Co-Founder since January 2026. The September 2026 proxy shows 2,539,227 shares, under 1% of the common stock.

Who founded Applied Digital Corp.?

The proxy calls Jason Zhang a co-founder, from 2021. It does not use the word for Wes Cummins, whom press coverage names as the other founder.

All founders