AI cloud computing company Fluidstack aims for a $7 billion valuation, with Google backing its partnership with Bitcoin mining firms.

2025-12-07 15:00:23

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[Crypto World] There’s another major move happening in the AI cloud computing sector. Fluidstack, a company specializing in compute power leasing for AI developers, is now in the process of closing a new round of funding—targeting $700 million, with a direct valuation jump to $7 billion.

The lead investor is Situational Awareness, whose founder previously worked as a researcher at OpenAI. Even more interestingly, Fluidstack has already signed major deals with several Bitcoin mining companies—Cipher and Terawulf are on the list—with contract amounts reaching into the billions of dollars and multi-year cooperation periods.

Perhaps the most surprising role is Google’s—they’ve agreed to provide a financial guarantee for this deal. If Fluidstack can’t pay back the money, Google will cover it for them.

It looks like the two cash-burning industries of AI compute and crypto mining are finding a sort of symbiotic model. The company is also preparing to move its headquarters to New York, probably to be closer to capital.

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BridgeJumper

· 2025-12-07 18:49

Is Google directly backing it up? That’s really going all-in on the bet. It seems like AI computing power is really about to take off.

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FlippedSignal

· 2025-12-07 15:30

Google as the safety net? This deal seems solid, feels like a big bet on the future of AI computing power. AI and mining industries huddling together for warmth—this playbook is pretty wild. $7 billion valuation, multi-billion dollar contracts... the burn rate is insane. Fluidstack timed this round of fundraising well, catching the wave. Having a major company backing you really makes a difference—risk shifts straight to Google. Will computing power costs come down like this? Or will the competition just intensify? Miners + AI computing power—two money-burning beasts saving each other, pretty interesting. With Google as the big backer, is Fluidstack just lying back and winning? So the symbiotic model between AI companies and mining firms is just crazy fundraising? Damn, this valuation is rising faster than crypto prices.

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MEVictim