Artificial intelligence and the high performance computer sector continue with boom, with Google prepared to acquire orders to buy approximately 24 million actions of Cipher Mining (CIFF), equal to approximately 5.4% of capital owned, as part of a 10 -year 10 -year IA hosting agreement with Fluidstack. The agreement underlines Google’s deepest impulse in AI infrastructure while increasing Cipher’s role in large -scale computer services.
As part of the agreement, Google will be delayed the $ 1.4 billion of fluidstack lease obligations, helping to support debt financing related to the project. The contract is valued at around $ 3 billion during the initial term and could increase to $ 7 billion with two five -year optional extensions. Cipher is expected to deliver 168 megawatts of critical load of IT in his Lake Barber site in Colorado City, Texas, in September 2026. Cipher will retain the total property of the project, taking advantage of capital markets to finance additional needs.
Cipher’s shares initially increased up to 20% in the news, but were ahead of 5% of the previous market at the time of publication. The action is in approximately seven times from the bottom of April, since Bitcoin miners have changed their commercial approach to high performance computer science and AI infrastructure.
