110 sats \ 0 replies \ @davidw 5 Jun freebie \ on: CoreWeave Offers About $1 Billion for Core Scientific bitcoin
CoreWeave is a really small young company, only born in late 2021. How they are funding this without ponzi economics is beyond me. They’ve been funding their business to date, taking loans against their Nvidia chips. Leveraging up to the heavens.
Something smells really fishy here. Wouldn’t be surprised if this is about securing the ticker rather than attracting additional regulatory scrutiny with a new NYSE listing. Would allow them to cash-out their company stock and dumping onto retail if there were to be an AI super bubble coming 👀
Stay clear of this shady company folks…. nobody-special did a great video on the company’s strange history