S&P 5007,623.68▼0.5% Nasdaq25,955.34▼0.2% Dow52,215.16▼1.2% Russell 2K2,775.90▼0.3% 10-Yr4.99%+4bp VIX19.45+0.42 WTI$103.44▲4.0% Gold$4,010.00▼1.2% EUR/USD1.120▼0.3% BTC$80,550▼0.9% Nikkei62,908▼2.6%
At close · Sat, Oct 24, 2026
Daily Market Updates.

Crypto

Home›Crypto›Bitcoin›What Is a Neocloud? The GPU Clouds Powering the AI Boom

What Is a Neocloud? The GPU Clouds Powering the AI Boom

Reported · Written up by our desk · Bitcoin

Neoclouds like CoreWeave and Nebius rent Nvidia GPUs to AI labs, and several started out mining crypto. Here's how the AI cloud model works.

← Newer storySouthern Copper weighs $680M Cuajone mine expansion

More like this

CryptoNew OCC stablecoin rule resets redemptions, and banks face big shifts
CryptoAave changes USDT borrowing rules and loan costs suddenly jump
CryptoWells Fargo and five others object to OKX-ICE tokenized stock listings: Report
CryptoNY Seeks $1.37 Billion Judgment Against Operators of NovaTech Crypto Ponzi Scheme
CryptoBlockstream Launches Institutional Consulting Services, Opens Lugano Office

Sources

DecryptWhat Is a Neocloud? The GPU Clouds Powering the AI Boom

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.