Core Scientific, Inc. (CORZ): Leopold Aschenbrenner Trims Holding

We just covered From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and Core Scientific, Inc. (NASDAQ:CORZ) ranks 13th on this list.

Core Scientific, Inc. (NASDAQ:CORZ) has consistently featured in the 13F portfolio of Situational Awareness LP since the first quarter of 2025. Back then, this position consisted of around 4.5 million shares. In the quarters since, the fund has aggressively added to this stake, growing it by 76%, 152%, and 42% in the next three quarters. Filings for the first quarter of 2026 show that the fund owned close to 26 million shares in the firm, down close to 10% compared to filings for the fourth quarter of 2025. Core provides infrastructure for high-density colocation services and digital asset mining in the United States. Before transition to AI computing, Core was one of the largest publicly-traded Bitcoin miners in North America.

Leopold Aschenbrenner is bullish on Core Scientific, Inc. (NASDAQ:CORZ). Bears have historically shorted the firm due to the highly cyclical and capital-intensive nature of Bitcoin mining. The Q1 2026 financial data proves that the company has successfully decoupled baseline survival from cryptocurrency volatility. Core Scientific reported total consolidated revenue of $115.24 million for Q1 2026. Management officially announced a critical operational milestone: colocation infrastructure revenue now completely covers the company’s structural operating costs. By leasing out its high-density data center space to third-party AI compute tenants, the company has established a reliable, non-crypto financial floor, transforming any future self-mining Bitcoin production into pure profit upside.

While we acknowledge the risk and potential of CORZ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CORZ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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