Who is Leopold Aschenbrenner?

Leopold Aschenbrenner is an investment analyst who manages the Situational Awareness fund, known for its under-the-radar AI stock picks.

What is the fund's stake value in Riot?

Situational Awareness fund holds a stake in Riot Platforms worth approximately $142.2 million.

Why is Riot considered an AI investment?

Because the company is transitioning from Bitcoin mining to building and operating data centers that support AI applications.

Riot Platforms Named Top AI Data Center Stock Pick by Aschenbrenner

Leopold Aschenbrenner's Situational Awareness fund revealed its top 10 under-the-radar AI stock picks, with Riot Platforms (RIOT) ranking #4. The fund holds a $142.2 million stake in the company, which is transitioning from Bitcoin mining to AI data centers.

June 25, 2026

2 min read

Source: Insider Monkey

Key Numbers

stake value

142,166,413

Situational Awareness, the fund managed by prominent analyst Leopold Aschenbrenner, has disclosed its top 10 under-the-radar AI stock picks, with Riot Platforms (NASDAQ: RIOT) ranking fourth. The fund holds a stake valued at $142,166,413 in the company.

Details of the Pick

Situational Awareness appears to favor former Bitcoin players pivoting into AI and data centers. Riot Platforms, previously known as a Bitcoin mining company, is one such name investing heavily in AI infrastructure.

Context

The recommendation comes amid surging demand for data centers in the AI sector, prompting companies like Riot to pivot their strategies. The fund's full list includes 10 stocks, but Riot stands out as an unconventional choice.

What This Means for Investors

Aschenbrenner's selection of Riot reflects confidence in its ability to capitalize on the AI transition. However, investing in pivot plays carries risks, especially given intense competition in the data center space.

Frequently Asked Questions

Riot Platforms (RIOT) is a US company formerly focused on Bitcoin mining, now pivoting to AI data centers.

Found this useful? Share it

This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.