From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World

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29. HIVE Digital Technologies Ltd. (NASDAQ:HIVE)

Situational Awareness LP’s Stake: $6 Million

HIVE Digital Technologies Ltd. (NASDAQ:HIVE) is a new addition to the 13F portfolio of Situational Awareness LP. The fund declared a new stake in the company in filings for the first quarter of 2026. This stake consists of close to 3.4 million shares. The firm is a technology company that engages in building and operating data centers powered by green energy in Bermuda and Paraguay. The company operates the mining and sale of digital currencies and performance computing hosting. It also provides infrastructure solutions, such as computational capacity to distributed networks in the blockchain industry.

Leopold Aschenbrenner is bullish on HIVE Digital Technologies Ltd. (NASDAQ:HIVE). The most compelling aspect of the bull case for the firm is Buzz HPC, the dedicated high-performance computing and AI cloud hosting division of the company. This segment completely decouples HIVE from pure-play crypto volatility. Earlier this month, HIVE announced the buildout of a 320 MW Sovereign AI Infrastructure project in the Greater Toronto Area. This acts as a premier sovereign AI factory in eastern Canada, providing secure, localized data center capacity for institutional and corporate AI enterprise demands. The GPU cloud infrastructure of the firm is scaling to 11,000 active units, establishing a highly stable, predictable corporate revenue stream. Management is actively targeting an Annual Recurring Revenue (ARR) run-rate of $225 million from HPC operations, converting low-cost energy into enterprise computing power.

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