The number one tough guy in the crypto world: $29 billion in debt, heavily invested in AI, will he face liquidation?

CoreWeave was founded by three contract traders, initially using GPUs to mine ETH, the business grew significantly, but later hit the bear market, and ETH plummeted, making it difficult to mine, so they started venturing into cloud computing.

Then in 2022, when Vitalik switched ETH to POS, these three were completely blindsided, switched entirely to cloud computing, and fortune struck them; just when things were bleak, GPT emerged, and the demand for computing power suddenly skyrocketed—it's like being on the brink of liquidation, and then experiencing a monumental surge.

What luck is this??!!

Moreover, because these three individuals were originally traders, they were very sensitive to trends, they immediately decided to go ALL IN, and began optimizing GPU clusters, which gave them a massive advantage in computing power.

At this point, they continued to leverage! Explosively increasing! On one hand, they secured contracts worth hundreds of billions, on the other hand, they borrowed money to aggressively build data centers, as long as the contract money came through, they could make significant profits, but if any part went wrong, it would lead to irreversible consequences.

It’s definitely worth a closer look.

"CRWV: Borrowing Other People's Money to Build Your Own Empire"

https://mp.weixin.qq.com/s/MxPDGZ0HzVDiPfqytfTb_w

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