Kevin O'Leary Reveals the Future of Bitcoin, Crypto, & AI!
July 7, 2026
AI Summary
5 min readIn the last 90 days, something fundamental has shifted in the digital economy. Kevin O'Leary, the Shark Tank investor who has been in crypto for years, says the single most important asset is no longer a token—it is powered land with permits, fiber, and long-term power contracts at sub-six cents per kilowatt hour. He has reduced his crypto holdings from 27 positions down to just Bitcoin and Ethereum, because 97% of all crypto volatility is captured in those two names. But his best-performing asset in the space right now is not a coin. It is equity in BitZero, a company that started as a Bitcoin miner in Norway and is now pivoting to AI compute infrastructure.
The power bottleneck
The core insight driving O'Leary's investment thesis is that power has become the binding constraint for the entire digital economy. Bitcoin mining, AI training, and high-performance computing all depend on the same input: cheap, reliable electricity. BitZero's founder Mohammed Bakeshwan built the company around this reality from the start. He came from real estate and a Swiss crypto intermediary, and he wanted to own the physical assets—powered land with permits—rather than lease mining facilities like most operators. Starting with seven megawatts in 2021, BitZero grew to about 4.5 exahash of Bitcoin mining capacity, but the real value is in the land and power infrastructure itself.
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What you'll learn
- 1 (04:00) **Introduction & Guest Backgrounds** - Tony Edwards and Amanda Witcraft introduce Kevin O'Leary (Shark Tank, O'Leary Ventures) and Mohammed Bakeshwan (CEO of BitZero).
- 2 (06:58) **Kevin O'Leary's Investment Thesis: Power is the New Currency** - O'Leary explains his shift to a two-asset crypto portfolio (Bitcoin and Ethereum) and why he invests in BitZero for its powered land.
- 3 (10:44) **BitZero's Operations: From Bitcoin Mining to AI Compute** - Mohammed details BitZero's transition from Bitcoin mining to hosting AI/GPU clusters at its Nordic sites.
- 4 (13:15) **Why the Nordics? The Search for Stable, Cheap Power** - Mohammed explains the strategic decision to build data centers in Norway and Finland.
- 5 (16:30) **Balancing Bitcoin Mining and AI Compute** - Mohammed discusses how BitZero prioritizes between the two based on market demand and shareholder value.
- 6 (18:35) **Preparing for Quantum Computing** - Mohammed addresses BitZero's quantum resistance plan.
- 7 (20:48) **The Power Scarcity & Chip Supply Dynamic** - Kevin and Mohammed discuss the market-neutral position of power providers.
+ Full timestamped outline available in the app
Guests on this episode
Show Notes
Topics:
- Bitzero's strategy for mining and supporting AI compute
- Future of Crypto
- Tokenization of assets and 24/7 markets
- Criticism about data centers
- Impact of the Clarity Act passing
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⏰ Time Stamps ⏰
00:00 Intro
03:32 Mohammed's background
05:53 Kevin Bitzero advisor
09:34 Bitzero BTC Mining and AI
12:15 Energy sources
14:23 Navigating BTC Mining & AI demand
15:45 Holding BTC on balancesheet
18:50 AI chips
19:43 Data Centers criticism
24:11 AI threat perception
28:03 Bitzero roadmap
29:22 Kevin's crypto investment
41:00 Kevin's Wrap up questions
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