CoreWeave Offers About $1 Billion for Core Scientificfinance.yahoo.com/news/coreweave-offers-1-billion-core-140321199.html
573 sats \ 5 comments \ @k00b 5 Jun bitcoin
“The agreements underscore the growing demand for energy infrastructure and professional data center management, as well as investors’ expectations of the increasing value of these assets in the future,” said Matthew Kimmell, digital asset analyst at CoinShares.
Were data centers not thinking clearly about energy costs and bitcoin miners made the relationship clear? Or are the needs of AI data centers that much different from other kinds of cloud computing?
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110 sats \ 0 replies \ @davidw 5 Jun
CoreWeave is a really small young company, only born in late 2021. How they are funding this without ponzi economics is beyond me. They’ve been funding their business to date, taking loans against their Nvidia chips. Leveraging up to the heavens.
Something smells really fishy here. Wouldn’t be surprised if this is about securing the ticker rather than attracting additional regulatory scrutiny with a new NYSE listing. Would allow them to cash-out their company stock and dumping onto retail if there were to be an AI super bubble coming 👀
Stay clear of this shady company folks…. nobody-special did a great video on the company’s strange history
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10 sats \ 1 reply \ @itsrealfake 5 Jun
Didn't Facebook get Whatsapp for a billion?
Seems like a lowball offer.
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204 sats \ 0 replies \ @k00b OP 5 Jun
It's publicly listed so I'd guess the market has priced it at $1b.
Software companies tend to be more expensive given their growth can be decoupled from operating expenses.
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10 sats \ 1 reply \ @Satosora 5 Jun
Will be interesting if electric companies invest in mining. They would be able to turn theirs on during peak and create a false demand. lol
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162 sats \ 0 replies \ @k00b OP 5 Jun
They certainly partner with them now. Generating and delivering power is hard enough work as is though, so I don't expect them to mine themselves. Data centers/cloud providers are a more natural fit, because it's a lot of the same stuff.
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