Artificial intelligence and the high performance computer sector continue to explode, with Google to acquire purchase mandates of approximately 24 million Cipher Mining (CIFR) shares, equal to around 5.4% of equity possession, as part of a 10 -year AI accommodation agreement with Fluidstack. The agreement underlines Google’s deeper thrust in AI infrastructure while increasing the role of Cipher in large -scale IT services.
As part of the agreement, Google will start $ 1.4 billion in fluidstack rental obligations, helping to support the financing of the debt linked to the project. The contract is estimated at around $ 3 billion during the initial period and could reach $ 7 billion with two optional extensions over five years. Cipher is expected to deliver 168 critical loading megawatts on his lake hairdresser site in Colorado City, Texas, by September 2026. Cipher will retain full ownership of the project, pressing capital markets to finance additional needs.
Cipher’s shares initially increased up to 20% on news, but were ahead of 5% preheating at the time of the press. The stock increases approximately seven times compared to the April background, as bitcoin minors have moved their commercial objective to high performance IT and AI infrastructure.
