Mentioned:
CIFR -12.15% GOOG -0.89%
Cipher Mining has just cut another deal for hosting artificial intelligence workloads in Texas. And Fluidstack AI and Google are behind it.
What’s happening:
- Cipher Mining (NASDAQ: CIFR) has landed a new high performance computing co-location deal with Fluistack AI for an additional 56 megawatts of hosting capacity at their Barber Lake data centre located in Texas
By the numbers:
- The initial deal is expected to generate roughly $830M USD in revenue for Cipher Mining over 10 years
- Google (NASDAQ: GOOG) has committed to backstopping $333M USD of Fluidstack AI’s new lease obligations
Why it matters:
- This is the second deal that Cipher Mining has done with Fluidstack AI after previously making major waves on Wall Street with a $3B USD deal that spans over a decade
Going deeper:
- Fluidstack AI has now committed to leasing all 300 megawatts of available power capacity at Cipher Mining’s Barber Lake data centre
