
Mike Intrator
POOL-TABLE GPU → COREWEAVE
THE DEAL
Intrator ran a natural-gas hedge fund, bought one GPU, put it on a pool table in lower Manhattan, and mined an Ethereum block.
AT A GLANCE
THE ARCHIVE
History · cartoons · headlines
THE TIMELINE6 sourced events
ONE GPU ON A POOL TABLE BECAME COREWEAVE
Intrator ran a natural-gas hedge fund, bought one GPU, put it on a pool table in lower Manhattan, and mined an Ethereum block. The hobby became CoreWeave — a specialized GPU cloud that raised billions and went public in 2025.
2013
THE AI-CLOUD CEO STARTS WITH A NATURAL-GAS HEDGE FUND
Before CoreWeave, Intrator co-founded Hudson Ridge Asset Management, a natural-gas-focused hedge fund, and served as its chief executive.
SOURCES: CoreWeavefirst-party
2016
ONE GPU. ONE POOL TABLE. ONE ETHEREUM BLOCK.
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.
SOURCES: CoreWeavefirst-party
2017
THE CRYPTO HOBBY BECOMES COREWEAVE
CoreWeave was founded in 2017 as the pool-table experiment grew into a GPU business and a New Jersey data-center footprint.
Nov 2021
THE GPU SHOP RAISES $50 MILLION FOR THE CLOUD
CoreWeave raised $50 million from Magnetar to scale its specialized GPU cloud after years of buying hardware through the crypto boom and crypto winter.
SOURCES: CoreWeavefirst-party
May 1, 2024
AI DEMAND TURNS INTO A $1.1 BILLION EQUITY ROUND
CoreWeave raised $1.1 billion in Series C equity financing to expand the specialized cloud infrastructure serving rapidly growing AI workloads.
SOURCES: CoreWeavefirst-party
Mar 27, 2025
THE CRYPTO-MINING DESCENDANT GOES PUBLIC AS AN AI CLOUD
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.
SOURCES: CoreWeavefirst-party