Mat Di Salvo / Decrypt: Google Dives Deeper Into Bitcoin Mining by Backstopping AI Hosting Deal …To support the buildout, @Google will backstop $1.4B of @fluidstackio’s lease obligations and will receive warrants to acquire shares of $CIFR common stock, equating to a ~5.4% pro forma equity ownership stake. “We are thrilled to be working with Fluidstack to develop HPC data centers, and we look forward to welcoming Google as an investor in Cipher. This transformative transaction reinforces our HPC momentum as we continue to attract attention for our large and growing pipeline of sites,” said Tyler Page, Cipher’s CEO.
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