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. A recent briefing from The Miner Mag outlined how Ethereum’s move away from proof-of-work reduced demand for GPU-based mining, prompting CoreWeave and peers to redeploy GPUs toward AI training and other high-performance computing workloads as demand for compute power surged. As reported by Cointelegraph, CoreWeave began moving away from crypto mining as early as 2019, initially pivoting into cloud and high-performance computing before fully positioning itself as a GPU infrastructure provider for AI workloads. That pivot has gained momentum in recent quarters, aided by strategic capital injections that some observers see elevating CoreWeave to a leading role outside the largest hyperscale cloud providers. Market chatter around CoreWeave’s ascent intensified after Nvidia disclosed a $2 billion equit...