From crypto mining to AI compute, former cryptocurrency miners are reshaping data center economics as Big Tech’s grip on infrastructure begins to loosen.
CoreWeave’s transformation from a crypto-mining operator to a large-scale AI infrastructure provider highlights a broader shift in how computing resources are reused across technology cycles.
In its latest newsletter, The Miner Mag outlined how Ethereum’s move away from proof-of-work reduced demand for GPU-based mining, pushing companies like CoreWeave to redeploy hardware toward AI training and other high-performance computing workloads as demand for compute began to rise.
As Cointelegraph previously reported, CoreWeave began moving away from crypto mining as early as 2019, shifting first into cloud and high-performance computing before fully repositioning itself as a GPU infrastructure provider for AI workloads.
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