Overview
- Situational Awareness LP, run by former OpenAI staffer Leopold Aschenbrenner, disclosed a purchase of 10 million T1 Energy shares worth about $43.9 million in a regulatory filing.
- T1 Energy shares surged after the disclosure and, by the close, were up 23.46% at $7 according to market reports.
- The new position fits a broader push by Aschenbrenner’s fund into the AI buildout, with fresh stakes reported in chip and data center names such as Nvidia, AMD, Intel, TSMC, Micron, and HIVE.
- T1 Energy reported a wider first‑quarter net loss of $21.4 million and recorded $241 million in net sales as it began to book revenue.
- Chairman and CEO Dan Barcelo said the company is focused on running its G1 facility in Dallas profitably, securing financing to build G2 in Austin, and scaling as a U.S. solar and storage provider for large tech customers.