Dan Loeb's Third Point bets on Bitcoin miners pivoting to AI

AnalystDigital Finance
โดย TheStreet·US·Read original
Summary · why it matters

Billionaire investor Dan Loeb's hedge fund, Third Point, has revealed new and increased stakes in four Bitcoin miners pivoting to artificial intelligence, as well as Jack Dorsey's Block, according to its second-quarter 2026 13F filing with the SEC. Third Point raised its stake in Hut 8 to $151.8 million and opened positions in Riot Platforms worth $7 million, Core Scientific worth $1.38 million, and Applied Digital Corp. worth $820,000, while also investing $194.47 million in Block. The miners have signed massive AI deals, including Applied Digital's $5.2 billion lease with a hyperscaler, Hut 8's $9.8 billion lease for its Texas data center, Core Scientific's agreement with AMD for over 500 megawatts, and Riot Platforms' $9.1 billion deal with Anthropic. Block, which laid off over 4,000 employees due to AI integration, reported second-quarter revenue of $6.62 billion and EPS of $1.02, beating estimates. The filing signals Loeb's diversification into crypto companies now focusing on AI.

Impact on stocks 6

Digital Finance & Tokenization▲ · 4 stocks
Block, Inc
XYZ
▲ PositiveCapitalrelevance

Block reported Q2 revenue of $6.62B and EPS of $1.02, beating estimates.

Artificial Intelligence▲ · 2 stocks

Theme Impact 4

Off-coverage companies 2

AnthropicPrivate± Mixed
relevance

Third Point LLCPrivate± Mixed
relevance

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