CoreWeave co-founder explains how a closet of crypto-mining GPUs led to a $1.5B IPO

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TechCrunch 5d ago

CoreWeave co-founder explains how a closet of crypto-mining GPUs led to a $1.5B IPO - TechCrunch

Quick Summary:

CoreWeave co-founder Brian Venturo knows that three hedge fund guys, turned crypto miners, now running AI training infrastructure has been a wild ride.

The wanted to get in, but first “wanted to understand from the commodity side, how is this made,” Venturo said.“So we started doing mining on the pool table in our Manhattan office.

Then their friends in finance wanted in so they bought more.“We were the largest Ethereum miner in the world for like two and a half years,” he says.“At one point, we had 50,000 Nvidia consumer GPUs.