IREN, Core Scientific and more surge as Aschenbrenner fund reportedly liquidates $1 billion AI infrastructure portfolio
The Block·
60-second summary
IREN, Core Scientific, and other companies surge as Aschenbrenner's fund reportedly liquidates a $1 billion AI infrastructure portfolio, a move that reflects his conviction in the critical role of power and data-center capacity in scaling AI. This significant shift in investment strategy is likely to boost these companies' stocks, driving growth in the AI infrastructure sector.
Owning shares in these companies fit into Aschenbrenner’s belief power and data-center capacity will be critical to scaling AI.