Loeb's Third Point Joins Institutional Push into AI-Adjacent Mining Equities

Dan Loeb's Third Point has taken an equity position in Core Scientific, adding to the growing trend of Bitcoin miners expanding into AI infrastructure.

The fund disclosed a 54,000-share stake in Core Scientific through its Q2 13F filing, indicating interest in the company's shift towards high-performance computing and data centers.

This move is significant because it shows institutional capital is looking at parts of the old mining stack and considering whether those assets can be repurposed for AI demand. This is not just about 'hedge fund buys Bitcoin,' but rather a subtle trade that involves equity exposure to companies tied to AI infrastructure.

Bitcoin miners already own or lease large-scale energy and data-center infrastructure, making them natural candidates for AI compute pivots. The AI boom has created heavy demand for power, land, cooling, hosting, and high-density facilities.