SHAZ Raises $1.6 Billion to Support Six-Year Nvidia Partnership; Fund Discloses 19.9% Stake

SHAZ said it has completed a $1.6 billion financing to support a six-year strategic partnership with Nvidia. According to ChainCatcher, a fund under Leopold Aschenbrenner disclosed about 11 hours earlier that it had increased its holding in SHAZ to 19.9%. ChainCatcher reported that SHAZ rose 1.45%, while the fund’s related entity gained 14% in after-hours trading. The report noted that the U.S. Securities and Exchange Commission requires funds to file public disclosures when their ownership stake exceeds 5%.