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This ex-crypto miner just hit $1,900,000,000 revenue - here's the twist

Reading time: 2 min • Jul 23, 2025, 12:26 PM (UTC)

Key Points

  • CoreWeave has transformed from a crypto miner to a leading A...

When CoreWeave was mining Ethereum, nobody expected it would pivot to become the AI world's favorite landlord. Yet here we are in July 2025, watching a former crypto operation collect rent from OpenAI while DigitalOcean still thinks droplets are the future.

The David vs. Goliath Numbers Game

CoreWeave's transformation reads like a Silicon Valley fever dream. From $16 million in revenue back in 2022 to an expected $1.9 billion this year - that's a 990% compound annual growth rate that makes your index fund look like it's moving backwards. Meanwhile, DigitalOcean chugs along at a respectab...

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