THE MINING POD: How CoreWeave's Neocloud Business Model Works

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 8 July 2025

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A look inside CoreWeave’s neocloud business model, and how the company went from an ETH miner to a $75 billion business. FILL OUT THE SURVEY BY CLICKING HERE Welcome back to The Mining Pod! Today, Colin and Will break down CoreWeave's meteoric rise to a $75+ billion valuation and why Bitcoin miners like Core Scientific, Galaxy Digital, and Applied Digital are all racing to partner with AI cloud providers. We explore CoreWeave’s neocloud business model, GPU economics vs bitcoin mining profitability, and what this means for the future of the mining industry. Subscribe to our newsletter! **Notes:** • CoreWeave valued at $75B+ (12x revenue multiple) • 72% of Q1 revenue came from Microsoft/OpenAI • CoreWeave manages 250,000+ GPUs globally • $15B+ in contracted revenue secured Timestamps: 00:00 Start 04:05 Coreweave overview 07:40 Neocloud 10:28 Other Neocloud providers 12:49 Oracle, OpenAI & Stargate 16:20 Crusoe 17:58 Hyperscaler street cred 21:08 Energy pipeline 26:53 Revenue 32:51 Capex vs revenue 38:03 GPU lifespan 41:58 Bull vs Bear 49:00 Partner concentration 👉 Fractal Bitcoin, Reduces up to 50% of your pool fee. No new hardware, no extra energy. And it’s easy. FB rewards go straight to your existing Bitcoin wallet address. Over 50% of Bitcoin’s hashpower is already merge mining Fractal. Get more from the same resources — start on Fractal today! 👉 Luxor, Leaders In Bitcoin Mining and Compute Power! Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS. 👉 Colorado Air Filter, Leaders In Mining HVAC Solutions! Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact sales@coloradoairfilter.com Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	Hey everyone, Colin here.
0:02.2	We're running a short survey to get better information on who listens to the show.
0:06.0	And we're giving away free Blockspace gear if you fill it out.
0:08.8	If you find value in our shows or listen consistently, you can do me a huge favor and fill out the form.
0:14.1	It takes about 30 seconds and helps me and the Blockspace team keep the show running.
0:18.1	You can find a link to the survey and the show notes.
0:20.6	Thanks. Hey, y'all. a link to the survey in the show notes. Thanks. Hey
0:21.6	y'all. Welcome back to the mining pod. We've got a special edition this week with your boy
0:26.9	Colin and your boy Will. We are going to be doing a breakdown of core weave. And what makes
0:32.0	core weave so it's special compared to other cloud companies and why they're the talk of the town
0:37.0	right now.
0:38.1	So no interview this week.
0:39.9	It's just two lovely faces of the mining pod.
0:43.6	I'm going to chop it up about the hottest tech stock of the summer.
0:47.3	Today's show is brought to you by Fractal Bitcoin,
0:49.6	but we'll learn more about them later in the show.
0:51.6	For now, let's get right into it.
0:54.1	I want to take a second and talk about Colorado Air Filter, a new sponsor for the mining pod. learn more about them later in the show. For now, let's get right into it.
0:57.9	I want to take a second and talk about Colorado Air Filter, a new sponsor for the mining pod and a major supplier of air filtration systems for Bitcoin mining sites. Colorado
1:02.3	Air Filter is currently running a summer sale on their inventory from Mervate pleats to
1:06.0	hepa filters, shipments installations, containers retrofitted buildings. Colorado Air Filter
1:10.6	has it all. Here's what one recent major miner had retrofitted buildings, Colorado Air Filter has it all.
	...

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