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

DecryptOctober 22, 2026 · 4:34 PM2 min read

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.

Originally published on Decrypt

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.

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