It was a sunny day in August 2017, and CoreWeave CEO Michael Intrator was beginning to think he might actually set his Manhattan office tower on fire.
Dozens of powerful Nvidia GPUs were plugged into every available outlet, churning through the convoluted math required to mine cryptocurrency, and they were throwing off a ton of heat. With the air conditioning turned off for the weekend, the sixth-floor Financial District office had turned into a 130-degree hotbox. “I flipped. This wasn’t really built for this,” Intrator says. “I was just like, ‘We’ve got to go. We’ve got to go.’ ”
He and his cofounders, Brian Venturo and Brannin McBee, scrambled, frantically disconnecting servers that were almost too hot to touch and loading them into a pickup truck before heading to New Jersey, where a garage properly ventilated with a gigantic exhaust fan waited to cool them.
Read the full story on Forbes: https://www.forbes.com/sites/rashishrivastava/2025/09/22/coreweaves-29-billion-bet-that-its-debt-fueled-ai-boom-wont-go-bust/
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