{"id":89304,"date":"2025-09-26T17:16:33","date_gmt":"2025-09-26T14:16:33","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89304"},"modified":"2025-09-26T17:20:12","modified_gmt":"2025-09-26T14:20:12","slug":"google-acquires-stake-in-cipher-mining","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/google-acquires-stake-in-cipher-mining\/","title":{"rendered":"Google Acquires Stake in Cipher Mining"},"content":{"rendered":"

Google Corporation facilitated<\/a> another deal with a bitcoin miner. Cipher Mining has leased its data center in Colorado City, Texas, to the UK-based AI startup Fluidstack.<\/p>\n

The American corporation agreed to guarantee Fluidstack’s lease obligations amounting to $1.4 billion in exchange for a 5.4% stake in Cipher Mining.<\/p>\n

The mining company anticipates that the contract will generate $3 billion over the first 10 years and up to $7 billion if extended twice for five years each.<\/p>\n

\n

\u201cWe are excited to work with Fluidstack on developing HPC<\/span> centers and look forward to welcoming Google as an investor. This transformational deal strengthens our progress in high-performance computing and confirms the growing interest in our extensive site portfolio,\u201d said Cipher Mining CEO Tyler Page in a press release.<\/p>\n<\/blockquote>\n

The company is repurposing its mining data center in Texas for artificial intelligence services and may expand the campus to meet growing demand.<\/p>\n

This is not Google’s first such deal. In August, TeraWulf announced<\/a> a $3.7 billion agreement to lease its data center<\/span> in western New York to the same Fluidstack. Google agreed to guarantee $1.8 billion for this contract and received an 8% stake in TeraWulf.<\/p>\n

The collaboration between the American corporation, Cipher Mining, and TeraWulf reflects a trend of expanding AI capabilities in partnership with mining companies, which possess the necessary infrastructure to support data center operations.<\/p>\n

Cipher Mining also increased the planned volume of its private placement of convertible bonds from $800 million to $1.1 billion. The funds will be used, among other things, to finance the Texas facility.<\/p>\n

Back in March, AI startup CoreWeave, previously engaged in cryptocurrency mining, signed a partnership agreement<\/a> with OpenAI worth up to $11.9 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

Google facilitated another deal with a bitcoin miner. Cipher Mining leased its data center in Colorado City to the UK-based AI startup Fluidstack.<\/p>\n","protected":false},"author":1,"featured_media":89305,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Google facilitated another deal with a bitcoin miner, leasing a data center to Fluidstack.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,738],"class_list":["post-89304","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-google"],"aioseo_notices":[],"amp_enabled":true,"views":"256","promo_type":"1","layout_type":"1","short_excerpt":"Google facilitated another deal with a bitcoin miner, leasing a data center to Fluidstack.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/89304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=89304"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/89304\/revisions"}],"predecessor-version":[{"id":89306,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/89304\/revisions\/89306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/89305"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=89304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=89304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=89304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}