Shark Tank investor Kevin O'Leary has revealed in a recent interview that he is making significant investments in the infrastructure needed for bitcoin mining and AI data centres. The entrepreneur controls 26,000 acres of land across various regions, which he intends to convert into low-cost, utility-ready sites for infrastructure development. O'Leary plans to begin leasing the land once he has secured the necessary permits.
The land holdings include 13,000 acres in Alberta, Canada, as well as a further 13,000 acres in undisclosed locations currently undergoing permitting processes. O'Leary has already invested in Norway's BitZero, a bitcoin mining company, and has drawn parallels between bitcoin mining and real estate investment. He believes that digital asset mining and data centre operations require substantial land and power supplies, much like real estate developers seek prime locations for skyscrapers.
