May 21, 2024

BitOoda Partners CoreWeave for cloud based compute solutions

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BitOoda CEO, Tim Kelly.

US based BitOoda, a pioneering Digital Asset investment Bank, announced a partnership with US headquartered CoreWeave, one of the leading specialized cloud providers of high-performance compute solutions.

The partnership will accelerate the penetration of CoreWeave’s services for compute-heavy workloads in financial applications. CoreWeave’s pricing model, wide variety of GPU SKUs and ability to ramp capacity up and down in seconds allows them to deliver low latency, real-time solutions with attractive cost savings compared with general-purpose cloud providers. BitOoda’s deep expertise in the compute field and broad network across the financial markets ecosystem makes it the ideal partner to drive the sales and marketing of CoreWeave’s solutions.

“The ability to deliver bursts of compute power – while charging customers based on what they actually use rather than for access to capacity – is a key differentiator of CoreWeave. This allows clients such as hedge funds to backtest and execute real time quantitative and systematic strategies backed by machine learning and AI. Coming from financial and commodity markets ourselves, we are proud to be a chosen partner to serve CoreWeave solutions to clients with significant computational workloads,” said BitOoda CEO Tim Kelly.

“BitOoda’s commitment to innovating and accelerating growth in the digital finance space makes them a perfect partner for CoreWeave. Machine learning and AI can be incredibly transformative to industries such as financial services that have been slower to adopt new technologies, and we’re thrilled to partner with BitOoda to equip financial institutions with the computing power they need to make smarter, data-driven decisions,” said CEO and Founder of CoreWeave, Michael Intrator.

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