Kevin O'Leary, known for his role on Shark Tank, is investing heavily in land to support crypto and AI infrastructure. O'Leary now controls 26,000 acres across various regions, including 13,000 acres in Alberta, Canada, aimed at powering infrastructure for AI, cloud computing, and crypto. He plans to lease these lands, equipped with utilities, to companies for building data centers and mining operations.
O'Leary, who has over 19% of his portfolio in crypto-related investments, believes infrastructure is more valuable than tokens, citing low-cost power contracts as a key asset. He remains skeptical of most cryptocurrencies, asserting that institutional investors focus primarily on Bitcoin and Ethereum. O'Leary also highlighted the importance of regulatory developments, particularly a U.S. Senate bill, for attracting institutional capital to the crypto market.
Kevin O'Leary Invests in Land for Crypto and AI Infrastructure, Skeptical of Most Tokens
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