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

We just covered the From Fired Researcher to $13.7 Billion King: How Leopold Aschenbrenner Broke the Hedge Fund World and Bitdeer Technologies Group (NASDAQ:BTDR) ranks 21st on this list.

Bitdeer Technologies Group (NASDAQ:BTDR) has been a consistent feature in the 13F portfolio of Situational Awareness LP since the third quarter of 2025. Back then, this position comprised just under a million shares. In the fourth quarter of 2025, the fund increased this holding by 92% to 1.8 million shares. Filings for the first quarter of 2026 show that the fund owns 3.4 million shares in the firm, up 92% compared to filings for the previous quarter. The firm operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, Norway, Finland, Ethiopia, and internationally. Leopold Aschenbrenner has had a bullish view on the stock for many months.

Bitdeer Technologies Group (NASDAQ:BTDR) is different from other Bitcoin miners who are pivoting to AI infrastructure. The firm has spent years building a deeply integrated, vertically structured computing powerhouse. It is not just leasing space but designing proprietary silicon, launching AI clouds, and building a massive global footprint. Bitdeer reported $188.9 million in total revenue for Q1 2026, marking a 170% year-over-year increase compared to the $70.1 million reported in Q1 2025. Driven by this revenue scaling, Adjusted EBITDA swung to a positive $14.4 million, representing a massive $60 million structural improvement over the negative $45.6 million Adjusted EBITDA recorded in the prior-year period.

While we acknowledge the potential of BTDR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .

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