Big Tech Money Dominates Ramaswamy Super PAC's Latest Haul

COLUMBUS, OH — A new federal filing shows that the super PAC backing Vivek Ramaswamy's campaign for Ohio governor is being bankrolled overwhelmingly by donors with direct financial stakes in artificial intelligence, data centers, and cryptocurrency.

V-PAC: Victors, Not Victims, an outside group that can collect unlimited corporate and private money to support Ramaswamy’s bid for governor, reported $12,240,000 in itemized contributions for the second quarter of 2026, covering April through June. Of that total, roughly 90.4%, or $11,070,000, came from donors with direct financial stakes in artificial intelligence, data centers, and cryptocurrency:

• Elon Musk gave $5,000,000. Musk is the founder of xAI, whose Memphis-area data centers have drawn lawsuits over unpermitted gas turbines and noise, becoming a national flashpoint for community opposition to data center buildouts.

• Ratmir Timashev gave $5,000,000. Timashev launched OH.io Ventures to recruit 100 AI companies to Columbus; three executives he hired to run the project recently sued him for fraud.

• Ross Stevens gave $1,000,000. Stevens is the founder of NYDIG, a multi-billion dollar investment firm that aims to get institutions, and increasingly governments and public pension funds, to invest in Bitcoin; the same model behind Ohio H.B. 18 championed by Ramaswamy.

• Raj Vattikuti gave $50,000. Vattikuti is founder and executive chairman of Altimetrik and Calibo, both data and artificial intelligence technology firms.

• Blockratize Inc. gave $10,000. Blockratize is the parent company of Polymarket, a cryptocurrency prediction market platform that operates in a legally contested space nationally; in Ohio, prediction markets are regulated by the governor-appointed Casino Control Commission.

• Michael Baker International gave $10,000. The company helps data center companies with site selection and facility design.

Innovation Ohio has previously documented how Ramaswamy's multi-billion dollar investment portfolio is heavily concentrated in these same industries. In May, we reported that Ramaswamy holds investments across the data center supply chain; in April we noted his extensive cryptocurrency holdings in context of his expressed support for legislation that could direct up to $27.5 billion in Ohio public pension and treasury funds into crypto assets.

As governor, Ramaswamy would appoint members to JobsOhio, the Ohio Power Siting Board, and the Public Utilities Commission of Ohio, all of which have direct authority over data center incentives, permitting, and energy costs. He would also appoint the members of the Casino Control Commission, which regulates prediction markets in Ohio.

“Vivek Ramaswamy's campaign isn't attracting voters. It's attracting investors,” said Innovation Ohio President Michael McGovern. “These donors aren't backing a candidate, they're backing a return on investment, and Ohioans are the ones who'd pay for it.”