{"id":1667552,"date":"2026-03-05T11:30:00","date_gmt":"2026-03-05T16:30:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1667552"},"modified":"2026-03-05T11:30:00","modified_gmt":"2026-03-05T16:30:00","slug":"ex-openai-researchers-hedge-fund-reveals-big-bitcoin-miner-bets-in-new-sec-filing","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/ex-openai-researchers-hedge-fund-reveals-big-bitcoin-miner-bets-in-new-sec-filing\/1667552\/","title":{"rendered":"Ex-OpenAI Researcher’s Hedge Fund Reveals Big Bitcoin Miner Bets In New SEC Filing"},"content":{"rendered":"

Ex-OpenAI Researcher’s Hedge Fund Reveals Big Bitcoin Miner Bets In New SEC Filing<\/span><\/p>\n

\n

Authored by Christina Comben via cointelegraph<\/a>,<\/em><\/p>\n

Leopold Aschenbrenner has built a US stock portfolio heavily concentrated in companies that supply the power and infrastructure behind the artificial intelligence boom.<\/p>\n

<\/a><\/p>\n

The former OpenAI researcher<\/a>, who left the lab\u2019s superalignment team to launch San Francisco-based hedge fund Situational Awareness LP, has expanded it from $383 million in assets in early 2025 to a reported $5.52 billion in equity positions<\/strong> in its latest 13F filing<\/a> with the US Securities and Exchange Commission.<\/p>\n

The fund\u2019s 13F filing for Q4 2025 shows a highly concentrated portfolio built around betting that the real winners of the AI boom won\u2019t be chatbots, but the power plants and data centers that feed them. Situational Awareness reported $5.52 billion in US equity positions across 29 holdings, with a large share of that value clustered in a handful of AI infrastructure names.<\/p>\n

Those include graphics processing unit (GPU) cloud provider CoreWeave<\/strong>, fuel cell and power specialist Bloom Energy<\/strong>, Intel<\/strong>, optics maker Lumentum <\/strong>and Bitcoin miner-turned-AI infrastructure play Core Scientific<\/strong>.\u00a0<\/p>\n

Aschenbrenner first drew attention as a precocious AI thinker after publishing a widely read \u201cSituational Awareness\u201d manifesto on the race to advanced AI<\/a>, then quickly parlayed that profile into capital. His San Francisco-based AI hedge fund now manages more than $1.5 billion<\/a>, backed by prominent tech founders, family offices and institutions.<\/p>\n

<\/a><\/p>\n

Aschenbrenner has been a substantial net buyer quarter-on-quarter, with Situational Awareness\u2019 13-F reported<\/a> US equity and options portfolio increasing from about $254 million in Q4 2024 to more than $5.5 billion by Q4 2025. Over that period, the fund built sizable positions in Bitcoin miners and related energy infrastructure firms including IREN, Cipher Mining, Riot Platforms, Bitdeer and Applied Digital.<\/p>\n

Bitcoin miners pivot from hashrate to horsepower<\/h2>\n

The bet aligns with a broader shift already reshaping Bitcoin mining. After the latest halving squeezed block rewards, large miners have started repurposing their high-density, power-rich sites as AI hosting hubs, treating megawatts and data center space as scarce assets in the new compute economy rather than just hashrate.<\/p>\n

Core Scientific, for example, has signed a series of 12-year high-performance computing<\/a> hosting contracts with AI cloud firm CoreWeave, while MARA acquired a 64% stake in French computing<\/a> infrastructure operator Exaion, expanding into AI and cloud services.<\/p>\n

Situational Awareness disclosed a 9.4% stake in Core Scientific via an amended<\/a> Schedule 13D, representing 28,756,478 shares with shared voting and disposition power, effectively giving the fund a levered bet on CoreWeave\u2019s expansion and the miner\u2019s pivot from pure Bitcoin to AI and high-performance computing.<\/p>\n

At the same time, the fund has taken aim at the other side of the AI transition with a short position in Indian IT giant Infosys, a wager that large language models and AI coding tools will pressure the traditional outsourced software services model.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nThu, 03\/05\/2026 – 06:30<\/span><\/p>\n

\u200bhttps:\/\/www.zerohedge.com\/crypto\/ex-openai-researchers-hedge-fund-reveals-big-bitcoin-miner-bets-new-sec-filing<\/a>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Ex-OpenAI Researcher’s Hedge Fund Reveals Big Bitcoin Miner Bets In New SEC Filing Authored by Christina Comben via cointelegraph, Leopold Aschenbrenner has built a US…<\/p>\n","protected":false},"author":0,"featured_media":1667553,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1667552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1667552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1667552"}],"version-history":[{"count":1,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1667552\/revisions"}],"predecessor-version":[{"id":1667571,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1667552\/revisions\/1667571"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media\/1667553"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1667552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1667552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1667552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}