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So there's a 24-year-old who was fired from OpenAI named Leopold Aschenbrenner, who raised a billion dollars and then turned it into 5.5 billion dollars... IN ONE YEAR.
He divested from his position at Nvidia and is now buying up all the Bitcoin mining companies in the United States. But not for Bitcoin...
Because they already have the two things every AI company desperately needs:
- Access to the power grid
- Permits that take years to obtain
It's like buying a bar that already has a liquor license instead of waiting 3 years for one.
These companies are already shifting from cryptocurrencies to AI hosting. They are buying them before the market sets the price.
The smartest AI business right now isn't about chips, but about how they are powered.