Neoclouds like CoreWeave and Nebius rent Nvidia GPUs, many started in crypto mining
AI summary
Neoclouds such as CoreWeave and Nebius rent out Nvidia GPUs to AI labs, and several of these providers began as crypto mining operations. The explainer describes how the AI cloud model works and how mining infrastructure was repurposed for AI compute. There is no direct price catalyst here, though it illustrates a growing competitive demand for GPU capacity that miners can pivot toward.
