Kevin O’Leary, known from Shark Tank and a long-time supporter of cryptocurrency, is changing how he invests in the space. Instead of buying more crypto tokens, he’s turning his attention to something much bigger—crypto and AI infrastructure.

O’Leary has now acquired 26,000 acres of land in North America. This includes 13,000 acres in Alberta, Canada, and another 13,000 acres in other undisclosed regions that are currently going through permit approvals. His goal is to use this land to support energy-heavy operations like Bitcoin mining and large data centers. Over time, he also sees this land powering massive AI systems and cloud computing infrastructure.

Rather than build the data centers himself, O’Leary plans to lease out the land and power to companies that need it. Think of it like real estate development—but instead of homes or offices, he’s preparing sites for tech companies to plug in and run their systems. He’s focusing on making the land “shovel-ready” by ensuring it has everything businesses need: electricity, water, internet fiber lines, and even air rights for drones or future tech.

For O’Leary, access to affordable power is a huge opportunity. In some cases, he says, power contracts offering electricity below six cents per kilowatt-hour are more valuable than Bitcoin itself. That’s because without cheap energy and ready-to-go infrastructure, many of the data centers companies have announced in recent years simply won’t get built.

When it comes to actual cryptocurrencies, O’Leary is sticking with only two: Bitcoin and Ethereum. He believes these are the only two digital assets that matter for serious investors. In his view, the rest of the market—what he calls “poopoo coins”—are down 60% to 90% from their highs and are unlikely to recover.

He also points out that crypto-focused ETFs (exchange-traded funds) don’t play a big role in the broader financial world. According to O’Leary, if you want exposure to nearly all of the movement in the crypto market, owning just Bitcoin and Ethereum covers over 97% of the market’s total volatility.

Data from investment firm Charles Schwab backs this up, showing that about 80% of crypto’s $3.2 trillion value is tied up in just those two coins.

In summary, Kevin O’Leary’s crypto strategy is all about long-term infrastructure. He’s betting big on land and power for Bitcoin mining, AI development, and data centers. And when it comes to actual cryptocurrencies, he’s only putting his trust—and money—into Bitcoin and Ethereum.