Print desk·2026-07-29·.md
Equinix vs CoreWeave: different books, same decade
Colocation rent. Interconnection on top. Recurring, contractual. GPU hours. Reserved clusters. The customer is a lab or a cloud that ran out.
Equinix leads on Colocation (70%). CoreWeave leads on GPU cloud (88%). The seat follows the slice that pays.
The mix
Hover a slice
- Colocation70%—
- Interconnection22%—
- Other8%12%
- GPU cloud—88%
- EquinixCoreWeave
Colocation rent. Interconnection on top. Recurring, contractual.
Pays: Networks, clouds, enterprises who need to be in the building.
Builds: Facilities, network, and the people who sell the cage.
GPU hours. Reserved clusters. The customer is a lab or a cloud that ran out.
Pays: AI labs, funds, and anyone who cannot wait on a hyperscaler.
Builds: Infra, facilities, and the people who keep the GPUs billed.
The seat
Do not treat Equinix and CoreWeave as one market. Facilities, network, and the people who sell the cage. That is not Infra, facilities, and the people who keep the GPUs billed. Name the book before the interview.