13f-changes
Granular segment

AI datacenter hosting

AI data center hosting covers operators that provide sites, power, and infrastructure for HPC or AI tenants. It overlaps with bitcoin miners because power portfolios and large sites can be repurposed toward compute hosting.

Current reported exposure$1.1B
Tagged bought / added$338M
Tagged sold / reduced$93M
Tracked funds1

This segment sits inside the physical and semiconductor supply chain that supports AI training and inference. The important question is not only whether AI demand grows, but where scarcity shows up: chips, memory, networking, power, sites, or specialized services.

For 13F analysis, the tag is meant to separate the specific bottleneck a company is exposed to from the broad AI label. That helps distinguish a direct accelerator supplier from a power-equipment company, a data center landlord, or a miner with a power portfolio that could be repurposed for HPC.

What it covers
  • Powered shells and colocation
  • HPC hosting contracts
  • Power procurement and interconnection queues
  • Conversion of crypto-mining sites to AI/HPC
What to watch
  • Contract quality and counterparty risk
  • Power cost and uptime
  • Capex funding
  • How much hosting economics accrue to landlord versus compute provider
Leopold Aschenbrenner

Situational Awareness LP

Leopold Aschenbrenner · Q4 2025 filed 2026-02-11

19.1% of reported 13F $1.1B

Colocation, hosting, and infrastructure operators pivoting capacity toward AI/HPC tenants.

TickerNameValueInstrument
CORZ CORE SCIENTIFIC INC $419M SH
IREN IREN LIMITED $329M SH
APLD APPLIED DIGITAL CORP $278M SH
WYFI WHITEFIBER INC $28M SH
TickerActionValue
APLD Added +$129M
CORZ Added +$125M
GLXY Closed -$93M
IREN Added +$56M
WYFI New +$28M