Leopold Aschenbrenner, the previous OpenAI researcher who turned identified for warning that China might steal superior AI fashions, sharply elevated his bets on bitcoin miners and AI infrastructure firms whereas constructing multibillion-dollar positions towards semiconductor shares.
In its newest 13F submitting with the U.S. Securities and Change Fee, Aschenbrenner expanded disclosed inventory publicity from $5.5 billion on the finish of 2025 to $13.67 billion as of March 31.
A few of his largest lengthy positions had been tied to firms that provided electrical energy, knowledge middle capability and computing infrastructure to the unreal intelligence business. The submitting revealed holdings in bitcoin miners and associated infrastructure firms, together with IREN, Core Scientific (CORZ), Riot Platforms (RIOT), CleanSpark (CLSK), Bitfarms (BITF), Bitdeer (BTDR), and Hive Digital (HIVE).
These firms have more and more repositioned themselves as suppliers of energy and high-performance computing infrastructure for AI workloads, not simply cryptocurrency mining. Its present entry to vitality contracts and large-scale services has attracted investor curiosity as demand for AI knowledge facilities will increase.
Aschenbrenner additionally revealed main holdings in Bloom Vitality (BE), SanDisk (SNDK), and cloud supplier CoreWeave (CRWV). Taken collectively, the portfolio suggests it nonetheless expects long-term development within the bodily infrastructure that helps synthetic intelligence.
On the similar time, it opened $7.46 billion value of put choices towards main semiconductor firms and chip-related exchange-traded funds. The biggest bearish positions included a $2.04 billion put towards the VanEck Semiconductor ETF, a $1.57 billion Nvidia (NVDA) put, and greater than $1 billion in places tied to Oracle (ORCL) and Broadcom (AVGO).
