Duquesne Family Office dumps Micron and Intel, loads up on Bitcoin miners and AI plays

Stanley Druckenmiller's Duquesne Family Office sold its entire positions in Intel (411,400 shares) and Micron Technology (23,400 shares) in Q2 2026, while initiating new stakes in four Bitcoin mining companies, including 4.07 million shares of Bitdeer Technologies, 754,800 shares of Riot Platforms, 314,150 shares of Hut 8, and 87,100 shares of IREN. The family office's total assets under management rose to approximately $5.21 billion across 95 holdings, with top ten positions accounting for 45.83% of the total. Duquesne also re-established a 336,300 share position in Alphabet and added new stakes in AMD (72,900 shares) and Lam Research, reflecting a pivot toward AI-adjacent infrastructure and hybrid compute providers.

Via ceotodaymagazine.com Duquesne Family Office dumps Micron and Intel, loads up on Bitcoin miners and AI plays Stanley Druckenmiller's Q2 2026 filing reveals a sharp pivot from legacy chipmakers to crypto mining equities and tech infrastructure names Stanley Druckenmiller’s Duquesne Family Office just showed its hand, and the cards tell a clear story: out with legacy semiconductor names, in with Bitcoin miners and AI-adjacent infrastructure. The billionaire investor’s Q2 2026 13F filing reveals a portfolio that looks dramatically different from where it stood just three months ago. Duquesne fully exited positions in both Intel 411,400 shares and Micron Technology 23,400 shares during the quarter. At the same time, the family office initiated significant new stakes in four publicly traded Bitcoin mining companies. The Bitcoin mining bet Duquesne opened a 4.07 million share position in Bitdeer Technologies, making it one of the larger new additions to the portfolio by share count. The office also picked up 754,800 shares of Riot Platforms, 314,150 shares of Hut 8, and 87,100 shares of IREN. The portfolio’s total assets under management climbed to roughly $5.21B across 95 holdings, with the top ten positions accounting for 45.83% of the total. Why Intel and Micron got cut Druckenmiller has historically spoken positively about AI as a transformative technology. Selling the chipmakers while buying the miners implies he sees more compelling risk-reward in the energy-intensive compute layer that supports both AI training and Bitcoin mining operations. Bitdeer, Hut 8, and IREN have all made public moves toward repositioning themselves as hybrid compute providers, offering data center capacity for AI workloads alongside their mining operations. The Alphabet yo-yo Duquesne re-established a 336,300 share position in Alphabet during Q2 after fully exiting the stock in Q1. The filing also showed new stakes in AMD 72,900 shares and Lam Research, both of which sit closer to the AI semiconductor value chain than Intel or Micron. AMD has been steadily gaining data center GPU market share, while Lam Research provides the equipment that fabricates advanced chips. What this means for crypto markets A family office choosing Riot Platforms and Bitdeer over a spot Bitcoin ETF suggests Druckenmiller sees operational upside in the miners themselves, not just exposure to the underlying commodity. The dual-use thesis, where mining companies pivot excess capacity toward AI compute workloads, creates a narrative that traditional allocators find easier to underwrite. Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy https://cryptobriefing.com/editorial-policy/ .