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THE MINING POD: How CoreWeave's Neocloud Business Model Works

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Manage episode 493299166 series 2401578
Content provided by CoinDesk. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CoinDesk or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

A look inside CoreWeave’s neocloud business model, and how the company went from an ETH miner to a $75 billion business.

FILL OUT THE SURVEY BY CLICKING HERE

Welcome back to The Mining Pod! Today, Colin and Will break down CoreWeave's meteoric rise to a $75+ billion valuation and why Bitcoin miners like Core Scientific, Galaxy Digital, and Applied Digital are all racing to partner with AI cloud providers. We explore CoreWeave’s neocloud business model, GPU economics vs bitcoin mining profitability, and what this means for the future of the mining industry.

Subscribe to our newsletter!

**Notes:**

• CoreWeave valued at $75B+ (12x revenue multiple)

• 72% of Q1 revenue came from Microsoft/OpenAI

• CoreWeave manages 250,000+ GPUs globally

• $15B+ in contracted revenue secured

Timestamps:

00:00 Start

04:05 Coreweave overview

07:40 Neocloud

10:28 Other Neocloud providers

12:49 Oracle, OpenAI & Stargate

16:20 Crusoe

17:58 Hyperscaler street cred

21:08 Energy pipeline

26:53 Revenue

32:51 Capex vs revenue

38:03 GPU lifespan

41:58 Bull vs Bear

49:00 Partner concentration

👉 Fractal Bitcoin, Reduces up to 50% of your pool fee. No new hardware, no extra energy.

And it’s easy. FB rewards go straight to your existing Bitcoin wallet address. Over 50% of Bitcoin’s hashpower is already merge mining Fractal. Get more from the same resources — start on Fractal today!

👉 Luxor, Leaders In Bitcoin Mining and Compute Power!

Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.

👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!

Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact [email protected]

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

  continue reading

3450 episodes

Artwork
iconShare
 
Manage episode 493299166 series 2401578
Content provided by CoinDesk. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CoinDesk or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

A look inside CoreWeave’s neocloud business model, and how the company went from an ETH miner to a $75 billion business.

FILL OUT THE SURVEY BY CLICKING HERE

Welcome back to The Mining Pod! Today, Colin and Will break down CoreWeave's meteoric rise to a $75+ billion valuation and why Bitcoin miners like Core Scientific, Galaxy Digital, and Applied Digital are all racing to partner with AI cloud providers. We explore CoreWeave’s neocloud business model, GPU economics vs bitcoin mining profitability, and what this means for the future of the mining industry.

Subscribe to our newsletter!

**Notes:**

• CoreWeave valued at $75B+ (12x revenue multiple)

• 72% of Q1 revenue came from Microsoft/OpenAI

• CoreWeave manages 250,000+ GPUs globally

• $15B+ in contracted revenue secured

Timestamps:

00:00 Start

04:05 Coreweave overview

07:40 Neocloud

10:28 Other Neocloud providers

12:49 Oracle, OpenAI & Stargate

16:20 Crusoe

17:58 Hyperscaler street cred

21:08 Energy pipeline

26:53 Revenue

32:51 Capex vs revenue

38:03 GPU lifespan

41:58 Bull vs Bear

49:00 Partner concentration

👉 Fractal Bitcoin, Reduces up to 50% of your pool fee. No new hardware, no extra energy.

And it’s easy. FB rewards go straight to your existing Bitcoin wallet address. Over 50% of Bitcoin’s hashpower is already merge mining Fractal. Get more from the same resources — start on Fractal today!

👉 Luxor, Leaders In Bitcoin Mining and Compute Power!

Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.

👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!

Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact [email protected]

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

  continue reading

3450 episodes

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