Ex-OpenAI researcher’s hedge fund reveals big Bitcoin miner bets in new SEC filing

CoinTelegraph

by Christina Comben

March 4, 2026

AI-Generated Deep Dive Summary

A former researcher at OpenAI, Leopold Aschenbrenner, has launched a hedge fund called Situational Awareness LP that has rapidly grown its equity exposure to $5.52 billion by focusing on power companies, data centers, and Bitcoin miners. This unique investment strategy revolves around the belief that the real winners of the artificial intelligence boom won’t be the chatbots themselves but the underlying infrastructure—such as power plants and data centers—that enable them to operate. Aschenbrenner, who previously worked on OpenAI’s superalignment team before leaving to pursue this venture, has built a highly concentrated portfolio with 29 holdings, most of which are focused on AI-related infrastructure. The hedge fund’s rapid expansion is notable: it grew from $383 million in assets early last year to over $5.52 billion by the end of Q4 2025. This growth reflects a bold bet on companies that supply the energy and data center capacity needed to fuel advancements in AI technology. Aschenbrenner’s portfolio includes major players in power generation, cloud computing, and Bitcoin mining, industries he believes will play a critical role in supporting the future of artificial intelligence. For readers interested in crypto, this story highlights the growing intersection between blockchain technology and traditional financial markets. By investing heavily in Bitcoin miners and AI infrastructure companies, Aschenbrenner is signaling confidence in both the long-term viability

Verticals

cryptoblockchain

Originally published on CoinTelegraph on 3/4/2026