Hedge Fund Situational Awareness Acquires 5.8% Stake in Bitcoin Mining Firm Core Scientific

According to a report by Jinse Finance, Situational Awareness, a hedge fund founded by 23-year-old AI influencer and former OpenAI researcher Leopold Aschenbrenner, has made significant purchases of shares in Bitcoin mining company Core Scientific. Regulatory filings submitted on Tuesday reveal that the fund has acquired 17.7 million shares of this Bitcoin mining and data center operator, securing a 5.8% ownership stake. The fund increased its holdings in Core Scientific between July 18 and August 13. In the filing, the fund stated that the acquisition was driven by its belief that the company is undervalued and represents an attractive investment opportunity. The fund also noted that it may increase or decrease its holdings in the future depending on market conditions, Core Scientific’s performance, or broader industry trends.