The hedge fund Situational Awareness has acquired a 5.8% stake in the Bitcoin mining company Core Scientific. According to Golden Finance reports, the hedge fund Situational Awareness, founded by 23-year-old AI influencer and former OpenAI researcher Leopold Aschenbrenner, has significantly bought shares in the Bitcoin mining company Core Scientific. According to regulatory documents submitted on Tuesday, the fund disclosed that it has acquired 17.7 million shares of this Bitcoin mining and data center operator, obtaining a 5.8% ownership stake. The fund increased its holdings in Core Scientific's stock between July 18 and August 13. The fund stated in the documents that it acquired these shares because it believes their valuation is undervalued and represents an attractive investment opportunity. The fund added that it may increase or decrease its holdings in the future based on market conditions, Core Scientific's performance, or broader industry dynamics.

#BTC #AI