Update
Neoclouds Shift from Crypto Mining to AI Services
Neoclouds like CoreWeave and Nebius, which began as crypto miners, are now providing GPU capacity for AI training and inference. These companies have transitioned from mining cryptocurrencies to offering AI-focused infrastructure as a service (IaaS). The shift reflects the growing demand for AI computing resources and the potential for neoclouds to profit from GPU rentals for AI workloads.