CoreWeave utilized Nvidia GPUs for cryptocurrency mining, specifically for Ethereum and Bitcoin, while also providing AI infrastructure to tech companies.

The entities involved

• CoreWeave →

  American cloud computing company

  • CoreWeave is leveraging GPU compute power for AI infrastructure, serving customers like Jane Street.Mon 12:38
  • QuantumScape targets the pre-commercial solid-state battery market while CoreWeave, a leading AI cloud provider, relies on clients like Microsoft.Mon 04:56
• Nvidia →

  American multinational technology company

  • Apple is utilizing TSMC for advanced chip manufacturing, a trend observed alongside market pricing pressures affecting sales volume.Mon 17:45
  • A market sell-off hit major chip companies (AMD, Intel, Micron, Samsung, Nvidia) as the AI trade cooled and investors entered risk-off mode.Mon 17:34
• Ethereum →

  public blockchain platform with programmable transaction functionality

  • Bitmine holds 4.7% of total Ethereum coin supply and 205 Bitcoin, with Founders Fund among its institutional investors.Mon 16:28
  • Animoca Brands is contributing to the ecosystem with commitments, launching natively across multiple blockchains, and executive comments on product goals.Mon 15:05
• Bitcoin →

  digital cash system and associated currency

  • Tensions between the US and Iran are pressuring market narratives, while President Trump's remarks are reportedly derailing nuclear talks.Mon 17:50
  • A company managing Bitcoin treasury services was listed on the New York Stock Exchange.Mon 16:08

Related events

• CoreWeave, a major cloud provider, utilizes Nvidia GPUs and holds a significant stake from Nvidia while competing with Microsoft and Meta.Jun 21
• Nvidia and Micron provide vital hardware for AI growth, necessitating increased power from energy leaders like Constellation.Jul 4
• CoreWeave relies on Nvidia GPUs, and Nvidia price hikes are being driven by memory costs from companies like Micron.Aug 27
• Nvidia secured a $9 billion compute deal for AI services, utilizing infrastructure derived from former Bitcoin mining operations.Aug 16
• CoreWeave, Oracle, and Nvidia are competing for AI cloud revenue by utilizing scarce GPUs for data center capacity.Sep 12