Druckenmiller Ditches Intel, Micron for Crypto Mining, AI Plays

Stanley Druckenmiller's Duquesne Family Office made significant portfolio changes in Q2 2026, exiting all shares of Intel and Micron Technology. The office reallocated capital into Bitcoin mining companies and AI-related tech infrastructure.

The major shift includes large positions in Bitdeer Technologies, Riot Platforms, Hut 8, and IREN, which support both AI and crypto mining. Druckenmiller's Duquesne Family Office also initiated stakes in AMD and Lam Research, companies directly tied to AI semiconductor production.

This strategic pivot towards energy-intensive compute sectors suggests Druckenmiller sees greater growth potential in hybrid providers that offer AI data center capacity alongside mining operations.