Zhan Capital allocates at the intersection of sovereign AI infrastructure, energy systems, and digital monetary networks — where physical constraints determine who wins.
Each vertical is a thesis position, not a sector bet — grounded in supply chain economics, energy constraints, and monetary first principles.
National compute capacity is a strategic asset. We research the physical stack beneath AI: data center siting, power procurement, rare earth dependencies, and the geopolitics of sovereign inference.
The compute buildout has a power problem. We model nuclear permitting timelines, grid congestion, and hashprice as first-order signals for the next energy infrastructure cycle.
Bitcoin is infrastructure, not speculation. We track hashprice as a macro signal and model miner economics, difficulty cycles, and the formation of a sovereign monetary layer.
Software ate the world. Now the world is building the infrastructure to run it.
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