CoreWeave
The crypto-miner turned $20B-contract AI hyperscaler — the defining neocloud.
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CoreWeave repurposed GPU-mining expertise into the largest AI-specialist cloud: first to market with each NVIDIA generation, debt-financed against GPU-backed contracts, and listed in March 2025 in the sector's signature IPO. Microsoft and OpenAI (contracts reported above $22B cumulatively) dominate its revenue; its attempted $9B purchase of landlord Core Scientific was voted down by that company's shareholders in late 2025.
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Record reviewed as of 2026-01-15 — see Methodology.