The most hardcore figure in the crypto world: $29 billion in debt, going all-in on AI—will he get liquidated? CoreWeave was founded by three contract traders. Initially, they used GPUs to mine ETH, and the business grew big. Then came the bear market, ETH crashed hard, mining became unsustainable, so they pivoted to cloud computing. Later, in 2022, when Vitalik switched ETH to POS, these three were completely blindsided. They went all-in on cloud computing, and then luck just exploded—right when things were at their worst, GPT emerged, and demand for computing power skyrocketed. It’s like they were on the verge of liquidation, and suddenly, an epic bull run saved them. What kind of luck is this??!! Plus, since the three founders were originally traders, they’re super sensitive to trends. They immediately decided to ALL-IN, optimizing GPU clusters for computation, which gave them a massive edge in computing power. At this point, they doubled down on leverage! Big time! On one hand, they secured contracts worth billions; on the other, they borrowed heavily to build data centers. If the contract money comes through, their borrowing will lead to huge profits. But if anything goes wrong at any step, it’ll be total ruin. Definitely worth a closer look. ‘CRWV: Building an empire with borrowed money’ https://mp.weixin.(qq.com)/s/MxPDGZ0HzVDiPfqytfTb_w