CoreWeave CEO Michael Intrator offloaded a significant chunk of stock on June 30, selling roughly 386,000 Class A shares through entities he manages for approximately $37.7 million. The shares moved at weighted average prices between $94.66 and $99.54, executed under a Rule 10b5-1 trading plan that was established back in November 2025.
Here’s the thing: this isn’t just one executive trimming his position after a good quarter. Since CoreWeave went public in March 2025, Intrator and co-founders Brannin McBee and Brian Venturo have collectively sold more than $2.3 billion worth of shares.
From crypto mining rigs to AI infrastructure giant
CoreWeave’s origin story reads like a crypto pivot case study. The company started life as a cryptocurrency mining operation before recognizing that its GPU fleet had far more lucrative applications in artificial intelligence workloads.
The pivot has paid off spectacularly, at least on the revenue line. CoreWeave posted $2.08 billion in Q1 2026 revenue, a 111.7% jump year-over-year. The company’s backlog, essentially contracted future revenue waiting to be recognized, sits at nearly $100 billion.
