Leopold Aschenbrenner invested in a company that didn't exist three years ago
Position size:
• 1,757,600 shares worth $68,282,760
• Up 145.9% since first appearing in the fund
• 16th largest holding of 26
Incorporated in October 2023, it builds and runs the data centers and GPU clusters that power AI training and inference, running Nvidia's newest chips for companies building large language models
The company is WhiteFiber, Inc. $WYFI
Here's why it's worth watching:
• Cantor Fitzgerald just upgraded shares to Overweight and raised its price target to $36
• Remaining performance obligations hit $1.01 billion in the second quarter, up 9% in one quarter
• $NVDA's newest B300 and Vera Rubin GPUs are being deployed at WhiteFiber's data centers for customers including Prime Intellect and Baseten
Also, WhiteFiber is targeting a September 30 ready-for-service date for its $160 million Paris deployment