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Home›Crypto›Market Structure›Crypto mining and AI infrastructure shares surge amid…

Crypto mining and AI infrastructure shares surge amid reported fund liquidation

The Block links the move to a reported liquidation of a $1 billion AI infrastructure portfolio tied to data-center capacity.

Reported · Written up by our desk · Market Structure

Shares in IREN, Core Scientific, and other firms rose sharply as a fund associated with Aschenbrenner reportedly moved to liquidate an AI infrastructure portfolio, according to The Block.

The outlet frames the buying and holding logic around Aschenbrenner’s view that power and data-center capacity will be critical to scaling artificial intelligence.

The Block also says ownership in companies like these aligns with that thesis, which helped underpin demand as the liquidation reports surfaced.

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Sources

The BlockIREN, Core Scientific and more surge as Aschenbrenner fund reportedly liquidates $1 billion AI infrastructure portfolio

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