BitOoda partners with CoreWeave to provide high-performance computing solutions for financial markets

BOSTON–(BUSINESS THREAD)–BitOoda, a pioneering digital asset investment bank, announced a partnership with CoreWeave, the leading specialist provider of high performance cloud computing solutions.

The partnership will accelerate the penetration of CoreWeave services for heavy workloads in financial applications. CoreWeave’s pricing model, a wide variety of GPU SKUs, and the ability to scale up and down capacity in seconds allows them to offer real-time, low-latency solutions with attractive cost savings compared to cloud providers of general use. BitOoda’s deep IT experience and extensive network across the financial markets ecosystem make it the ideal partner to drive sales and marketing of CoreWeave solutions.

“The ability to deliver bursts of computing power, while charging customers based on what they actually use rather than accessing capacity, is a key differentiator for CoreWeave. This allows customers, such as hedge funds, test and execute real-time quantitative and systematic strategies supported by machine learning and AI. Coming from the financial and commodity markets, we are proud to be a partner of choice to deliver CoreWeave solutions to customers with heavy computational workloads.” said Tim Kelly, CEO of BitOoda.

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

Please contact sales@bitooda.io to discuss the products and services offered through BitOoda’s global platform, including investment banking, structured products, proprietary hedging solutions, derivatives and spot brokerage and research and advisory services.

About BitOoda: BitOoda Holdings Inc. is a global digital asset financial services platform that provides innovative and compliant capital market solutions for institutional clients. BitOoda is the only institutional digital asset platform regulated by the SEC, CFTC and DFS. BitOoda’s subsidiaries include BitOoda Digital LLC, which holds a New York DFS virtual currency license; BitOoda Technologies LLC, an SEC/FINRA registered broker-dealer specifically authorized to deal in digital securities; and Ooda Commodities LLC, a CFTC/NFA registered introducing broker. For more information, visit www.bitooda.io or an email to info@bitooda.io.

About CoreWeave: CoreWeave is a specialized cloud provider, offering massive scale GPU computing resources on top of the fastest and most flexible infrastructure in the industry. CoreWeave, NVIDIA Elite cloud solution provider for compute and visualization, builds cloud solutions for compute-intensive use cases: digital assets, visual effects and rendering, machine learning and AI, batch processing and Pixel Streaming, which are up to 35 times faster and 80% less. more expensive than large, pervasive public clouds. More information at www.coreweave.com.



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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!