The Mining Pod | Blockspace Media How CoreWeave's Neocloud Business Model Works
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.
**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
Article links:
https://mattturck.com/coreweave/
https://research.artemis.xyz/p/coreweave-fundamental-deep-dive
https://www.mostlymetrics.com/p/coreweave-ipo-s1-breakdown
https://research.artemis.xyz/p/coreweave-fundamental-deep-dive
https://www.mostlymetrics.com/p/coreweave-ipo-s1-breakdown
👉 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 sales@coloradoairfilter.com
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!
Learn more about your ad choices. Visit megaphone.fm/adchoices