CoreWeave is an AI hyperscaler and cloud infrastructure provider specializing in high-performance GPU compute for generative AI, machine learning, rendering, and other intensive workloads. Founded in 2017 (originally as Atlantic Crypto for Ethereum mining), the company pivoted in 2019 from cryptocurrency mining to GPU cloud services amid the crypto crash. It repurposed thousands of GPUs from distressed miners to build a Kubernetes-native cloud platform, attracting clients like Stability AI, Inflection, and NovelAI. CoreWeave has grown rapidly, raising billions (e.g., $12B debt in 2025) and partnering with NVIDIA for exclusive access to H100/H200/Blackwell GPUs. The company operates data centers across the U.S. (e.g., New Jersey, Nevada, Illinois) with a focus on speed (10x faster cluster spin-up), reliability (96% goodput), and sustainability. In 2025, CoreWeave acquired Bitcoin miner Core Scientific for $9B, gaining 1.3 GW of power infrastructure, but this marks further diversification into AI rather than expanding mining. No current self-mining or crypto hosting as primary business.

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