Bitdeer Technologies Group (BTDR): Leopold Aschenbrenner Is Loading Up on This Stock

May 30, 2026 - 20:30

Leopold Aschenbrenner, the researcher once fired from OpenAI who went on to build a $13.7 billion hedge fund empire, is making a notable bet on Bitdeer Technologies Group (NASDAQ:BTDR). The stock ranks 21st in the portfolio of his fund, Situational Awareness LP, according to recent filings.

Aschenbrenner has held Bitdeer in his 13F portfolio consistently since the third quarter of 2025. The move signals a strong conviction in the company, which operates in the bitcoin mining and high-performance computing space. Bitdeer, founded by Chinese mining hardware giant Bitmain, has been pivoting toward AI cloud services and energy infrastructure, areas that align with Aschenbrenner's focus on frontier technology and national security.

The fund's decision to load up on BTDR comes as the broader market remains cautious on crypto-related equities. However, Aschenbrenner's track record since leaving OpenAI has been aggressive, betting heavily on AI infrastructure and energy plays. His thesis appears to be that Bitdeer's access to cheap power and data center capacity will become increasingly valuable as AI demand surges.

While the exact size of the position is not disclosed in the filing, the sustained holding over multiple quarters suggests it is a core part of his strategy. For investors watching the convergence of crypto mining and AI, Aschenbrenner's move adds a high-profile endorsement to a stock that often flies under the radar.