Crypto mining thematic bet on power constraints

Took a look at the latest 13F from my favorite Fed Chair mentor and Soros's trader, Druckenmiller. The old man is truly amazing. Top holding $NTRA saw a major Q2 breakout. Perfectly timed the top for $AA (Alcoa) and $ETHB (Ethereum ETF). Call options on $AMZN and $INSM were spot on. Took profits at high levels on a bunch of AI hardware stocks: $AVGO, $MU, $INTC, $CLS, $LITE. Additionally, I'm closely watching three moves by the old man: 1. While exiting AI hardware, he piled into a bunch of crypto mining companies: $RIOT, $BTDR, $HUT, $IREN, $EQIX. He probably thinks the bottleneck is shifting toward long-term power contracts. 2. His holding in the Brazil ETF $EWZ remains unchanged; he continues to be bullish despite election risks. 3. Increased positions in $DHI (housing), $UWMC (mortgages), $CVNA (auto retail), and $DAL (airlines) are all rate-sensitive. He probably judges that his good apprentice won't rashly raise interest rates.