CoreWeave Raises $50M in New Funds From Magnetar Capital

CoreWeave, which primarily provides cloud services, applies computing power unused by its cloud clients to mine ether. In total, the company operates over 1,200 GH of ETHash [Ethereum’s mining algorithm] equivalent hashrate, or computing power, making it one of the largest Ethereum miners in North America, according to an emailed statement to CoinDesk.

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