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Today marked the largest initial public stock offering in almost five years. Coreweave started as a Bitcoin mining business before focusing on artificial intelligence data centers, now valued at $14 billion.

27,361 次观看 • 1 年前 •via X (Twitter)

6 条评论

The_0.1% 的头像
The_0.1%1 年前

From mining sats to printing billions—gotta love a good pivot when the winds shift. CoreWeave went from chasing BTC blocks to riding the AI hype train straight to a $14B IPO. Peak cycle behavior or giga-brain move? Either way, respect the hustle.

Digital Currency 的头像
Digital Currency1 年前

Master Web3: Blockchain, Cryptocurrencies, NFTs, and the Metaverse for Free. Join the world's 1st Web3 MOOC taught by industry experts. Earn a blockchain-verifiable certificate.

The ₿itcoin⚡️Libertarian 🇦🇷🇺🇸🇸🇻 的头像
The ₿itcoin⚡️Libertarian 🇦🇷🇺🇸🇸🇻1 年前

From Bitcoin mining to AI—Coreweave’s growth proves Bitcoin’s impact!

thutski 的头像
thutski1 年前

impressive growth

Halvings.org 的头像
Halvings.org1 年前

💥 Mind blown! 💥

satstacker | kolin 的头像
satstacker | kolin1 年前

Mining is just the gateway. AI needs Bitcoin's energy ecosystem. Bullish on BTC infrastructure leading tech innovation. This is just the beginning.

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Isabel Foxen Duke⚡️

31,915 次观看 • 7 个月前

Every Wall Street giant that owns an AI data center is suddenly looking for a buyer. And NONE of them want to be the last one holding it. Three of them made their move in the last two weeks: Vantage Data Centers is exploring an exit. Its owners, Silver Lake and DigitalBridge, are weighing a listing at around $100 billion, or a sale, or a stake sale. It would be the largest data center IPO ever done. Three days earlier, CyrusOne started the same process. KKR and Global Infrastructure Partners met Goldman Sachs and Morgan Stanley, and the banks pitched for roles on a listing that could come as early as 2027. Last month, Switch hired Goldman and JPMorgan to take it public at close to $80 billion including debt, possibly by the fourth quarter. Three different companies moved inside the same 14 days, and the same handful of investment banks took every call. And these are the exact same firms that BOUGHT these companies off the public market four years ago. Between June 2021 and early 2022, private equity took the data center industry private. Blackstone bought QTS. KKR and Global Infrastructure Partners took CyrusOne private in a deal worth about $15 billion. DigitalBridge and IFM took Switch private for about $11 billion. Together those deals ran past $35 billion. By 2023 there were only two pure-play data center companies left on the public market. The logic at the time was that data centers burn cash for years before they pay, and public shareholders hate that. But private money was patient, and private money could wait. Four years later, the AI boom arrived and every one of those buildings became a gold mine. So follow this: Switch went private at about $11 billion in 2022. Its owners now want close to $80 billion for it. That is roughly 7x, in four years, on the same buildings. And DigitalBridge sits on both sides of this. It owns a piece of Vantage and it took Switch private. It is now looking for the door on BOTH. The question now is who is supposed to buy. There is no bigger private buyer left to sell to. These are already the largest infrastructure funds on Earth, and the price tags now run to $100 billion. The only pocket deep enough is the public market, which means anyone with a brokerage account or an index fund. The people who bought low from the public are now organizing to sell high back to the public. And they are doing it while telling everyone the buildout is just getting started. KKR raised a record $19.2 billion for its newest infrastructure fund this month, and in June launched a separate company with over $10 billion committed to finance more construction. So one hand raises fresh billions to build more data centers, and the other hand sells the finished ones to whoever will take them. None of this proves anyone thinks the boom is ending. Selling into strength is what these firms are paid to do, and every one of these deals is early stage and might never happen. But the timing tells you something: The most sophisticated infrastructure investors alive spent four years accumulating these assets in private, and all decided in the same two weeks that now is the moment to find someone else to own them. Four years ago these firms decided the public market was too impatient to own data centers. Now they want the public market to own them again, at 7x the price. Quite suspicious.

Ricardo

70,858 次观看 • 14 天前