Lates News

As part of a multi-year data center agreement with the artificial intelligence computing startup Fluidstack, Alphabet's Google will have the right to purchase a 5.4% stake in the cryptocurrency mining company Cipher Mining Inc. Cipher, the data center operator, stated that Google has agreed to provide a $1.4 billion debt guarantee for Fluidstack in the contract signed with Cipher. Fluidstack has reached a 10-year initial agreement with Cipher to lease its computing power, which is expected to generate approximately $3 billion in revenue. This is the second such deal that Google and Fluidstack have reached in the past two months, highlighting the strong demand for computing resources to provide AI services.