CoreWeave co-founder explains how a closet of crypto-mining GPUs led to a $1.5B IPO

1. CoreWeave's IPO priced at $40, below expectations of $47-$50. 2. Raised $1.5 billion, but valued at $14 billion instead of $3 billion+. 3. Largest AI-related IPO to date, but met with lukewarm market reception. 4. CoreWeave has $7.6 billion in debt, impacting investor sentiment. 5. Signed a $12 billion deal with OpenAI, now a major customer.