Never heard of him before, must be nice... If you fail as a hedge fund, there is always something else... https://techcrunch.com/2025/06/26/i...crypto-mining-bro-becomes-a-deca-billionaire/ "CoreWeave co-founder and CEO Michael Intrator’s net worth has skyrocketed to about $10 billion in the three months since the AI firm went public, Bloomberg reports. His company’s debut was both the biggest tech IPO so far of 2025 — raising $1.5 billion — and somewhat of a clunker: Its founders had reportedly hoped to raise a lot more — up to $4 billion — and had to skinny their ambitions. But CoreWeave borrows money against the GPUs to pay for them, and its IPO wasn’t big enough to get it out of that cycle. It’s got about $8.8 billion worth of debt as of March, it disclosed, with interest rates as high as 15%. Even though it brought in almost $1 billion in revenue in Q1 alone ($985 million), it recorded a net loss of about $315 million. That has not scared away investors, who remain eager for ways to make money on AI. CoreWeave’s stock has soared almost 300% since its March IPO, raising Intrator’s net worth to above $10 billion, Bloomberg calculates. But the wildest part of Intrator’s history, as well as that of his co-founders Brian Venturo and Brannin McBee, is that the whole thing started out as a make-money-quick, crypto mining enterprise when their previous company, a hedge fund, failed. The business partners went from a closet full of GPUs to thousands of them in a New Jersey warehouse, to an AI training experiment with an open source LLM group, EleutherAI, Venturo previously told TechCrunch. Today, the company is servicing the biggest LLM players on the planet, reportedly seeking to buy its competitor Core Scientific, and the founders are billionaires. And, as we previously reported, it’s not all paper money. All three founders pocketed over $150 million apiece by cashing out of shares ahead of the IPO."