Miner Weekly: CoreWeave's AI Transformation Pays Off—Insiders Have Profited $1.6 Billion and Counting

According to a report by Bijie Network: Since CoreWeave's initial public offering (IPO) in March 2025, company insiders have sold shares worth approximately $1.69 billions, with shares sold by co-founders accounting for nearly two-thirds of the total proceeds. Most of these sales were conducted under pre-arranged trading plans, highlighting liquidity events planned after the lock-up period ended. The company shifted from GPU cryptocurrency mining to artificial intelligence infrastructure, driven by Ethereum's transition to the proof-of-stake (PoS) mechanism in 2022. This coincided with a surge in AI demand, allowing CoreWeave to repurpose its hardware resources.