AI NEWS PAGE DOSSIER
Natural-gas hedge funds → Ethereum mining on a pool-table GPU → CoreWeave.
Intrator moved from energy and environmental-markets investing into a one-GPU Ethereum experiment, turned the crypto winter into a hardware buying opportunity, built CoreWeave into a specialized GPU cloud, raised billions for AI infrastructure, and took the company public.
2013
Before CoreWeave, Intrator co-founded Hudson Ridge Asset Management, a natural-gas-focused hedge fund, and served as its chief executive.
RECEIPTS: CoreWeavefirst-party
2016
Intrator says the future CoreWeave founders bought their first GPU in 2016, put it on a pool table in lower Manhattan, and mined their first Ethereum block.
RECEIPTS: CoreWeavefirst-party
2017
CoreWeave was founded in 2017 as the pool-table experiment grew into a GPU business and a New Jersey data-center footprint.
Nov 2021
CoreWeave raised $50 million from Magnetar to scale its specialized GPU cloud after years of buying hardware through the crypto boom and crypto winter.
RECEIPTS: CoreWeavefirst-party
May 1, 2024
CoreWeave raised $1.1 billion in Series C equity financing to expand the specialized cloud infrastructure serving rapidly growing AI workloads.
RECEIPTS: CoreWeavefirst-party
Mar 27, 2025
CoreWeave priced its initial public offering at $40 a share, putting the former crypto-compute operation onto Nasdaq as a purpose-built AI infrastructure company.
RECEIPTS: CoreWeavefirst-party