$1 Billion AI Infrastructure Portfolio Liquidated: Stocks Skyrocket

Six AI infrastructure companies saw their shares surge on Thursday after reports emerged that Leopold Aschenbrenner's Situational Awareness fund had liquidated its $1 billion portfolio.

The news sent IREN stock up by 27%, while Bitdeer, Riot Platforms, CleanSpark, Core Scientific, and HIVE Digital all climbed around 20% or more.

This sudden rebound comes after weeks of heavy selling across AI-infrastructure and crypto-linked stocks. The sharp increase in shares is likely due to the fact that Ken Griffin's investment firm Citadel has purchased the majority of the stocks owned by Situational Awareness.