Crypto Miners Surge as $1B AI Infrastructure Fund Unloads
Core Scientific and IREN jumped in trading even after news broke that a massive $1 billion portfolio was dumped.
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
Key takeaways
- Core Scientific and IREN shares surged after reports of a $1 billion portfolio liquidation.
- An Aschenbrenner fund reportedly sold off its AI infrastructure holdings.
- The portfolio focused on firms with the power and data-center capacity needed to scale AI.
IREN and Core Scientific saw their stock prices jump despite reports that an Aschenbrenner fund completely dumped a $1 billion AI infrastructure portfolio.
That kind of massive unwinding usually kills momentum. Not this time—investors pushed stock prices higher for both key infrastructure providers right after the news dropped.
Betting on Power and Data
The fund built that position on a simple premise. Scaling artificial intelligence comes down to two real bottlenecks: power and data-center capacity. Whichever companies own those physical assets hold the keys.
Crypto miners turned out to be a natural fit. Operators like Core Scientific and IREN originally built their facilities to run energy-intensive bitcoin rigs, giving them valuable power access and large-scale sites today. That existing footprint makes them prime targets for AI firms hunting for immediate hosting capacity.
Why it matters
These firms aren't purely betting on digital assets anymore. They own real-world power contracts and server space that computing giants desperately need right now. When billion-dollar funds trade in and out of these equities, it shows just how thoroughly crypto's physical infrastructure has blended into the broader tech market.
Source: The Block
Top Crypto Casinos Right Now
🇧🇷 Showing sites that accept players from Brazil Change country
Advertising disclosure: we may earn a commission when you join an operator via links on this page, at no cost to you. This never dictates our ratings. How we make money
SIGN UP BONUS 150%
- Taking bets since 1996, same owners the whole way
- Sportsbook, casino and poker on one balance
- Bitcoin out in 1–24 hours
Why we chose it: Thirty years of paying people, no ownership shuffles, no mass-confiscation scandal. You trade crypto choice and a modern interface for that.
More info Less info
- Online since
- 2011
- Licence
- Curaçao
- Min deposit
- $25
- Payout time
- 1–24 hours (crypto)
- KYC
- Required
Restricted countries: Australia, Austria, Germany, United Kingdom, France, Slovakia.
1st Deposit Bonus €500
- Withdrawals in 5–30 minutes
- $1 minimum deposit, 11 coins
- Esports depth nothing else here matches
Why we chose it: Best cashier and best esports book of the five, and the only one built crypto-first instead of crypto-bolted-on. It just cannot take Americans.
More info Less info
- Online since
- 2017
- Licence
- Curaçao Gaming Authority
- Min deposit
- $1
- Min withdrawal
- $10
- Payout time
- 5–30 minutes
- KYC
- Required
- Games
- 4,000+
Restricted countries: United States, United Kingdom, Netherlands, Curaçao, Aruba, Sint Maarten, Caribbean Netherlands, Spain and 13 more.
100% Welcome Bonus up to 5BTC
- Taking US action since 1994
- 200% crypto welcome bonus
- Sportsbook, racebook and casino on one balance
Why we chose it: Built for American bettors, priced accordingly. Biggest welcome bonus of the five, attached to the heaviest rollover of the five.
More info Less info
- Online since
- 1994
- Licence
- Curaçao
- Payout time
- 24–48 hours (crypto)
- Wagering
- 18x sportsbook / 30x casino
- KYC
- Required
Restricted countries: Belgium, Costa Rica, Croatia, Curaçao, Aruba, Sint Maarten, Caribbean Netherlands, France and 11 more.
Daniel Okoro
Daniel tracks crypto regulation and policy across the US, EU and Asia, with a decade in financial journalism.
