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The top ruthless person in the crypto world: owes $29 billion, heavily invested in AI, will he get liquidated?
CoreWeave was founded by three contract traders, initially mining ETH with graphics cards, doing very well, but then caught the bear market, ETH plummeted, mining became difficult, and they started focusing on cloud computing.
Later, in 2022, V God switched ETH to POS, and these three were completely blindsided, switching entirely to cloud computing. As luck would have it, just then GPT was born, and the demand for computing power suddenly exploded—it's like they were about to be liquidated, and then an epic surge appeared.
What kind of luck is this??!!
And because these three originally came from trading backgrounds and are extremely sensitive to trends, they immediately decided to go ALL IN, directly optimizing their GPU clusters for computation, giving them a huge advantage in computing power.
At this point, they continued to leverage! Massive leverage! On one hand, they secured contracts worth hundreds of billions, and on the other, borrowed money to massively expand data centers. As long as the contract money arrives, they could make huge profits, but if any link fails, they will be doomed.
It's definitely worth a close look.
"CRWV: Borrowing Others' Money to Build Your Empire"