Google инвестирует в будущее: сделка с Cipher Mining открывает новые горизонты для ИИ Google Invests in the Future: Deal with Cipher Mining Opens New Horizons for AI

The Google Corporation has facilitated yet another agreement with a bitcoin mining entity. Cipher Mining has leased a data center located in Colorado City, Texas, to the UK-based AI startup Fluidstack.

In return for 5.4% of Cipher Mining’s stock, the American corporation has committed to ensuring Fluidstack’s lease obligations, amounting to $1.4 billion.

The mining company projects that this contract will yield $3 billion over the first decade and potentially up to $7 billion if extended twice for five years each.

“We are excited to partner with Fluidstack in developing high-performance computing (HPC) centers and look forward to Google’s involvement as an investor. This transformative deal reinforces our progress in high-performance computing and highlights the growing interest in our extensive portfolio of sites,” stated Cipher Mining’s CEO Tyler Page in a press release.

The company is repurposing its mining data center in Texas for artificial intelligence services and may expand its campus to meet rising demand.

This is not the first such deal involving Google. In August, TeraWulf announced a $3.7 billion agreement to lease its data center in western New York to Fluidstack as well. Google agreed to back $1.8 billion of that contract, receiving 8% of TeraWulf’s shares in return.

The collaboration between the American corporation and Cipher Mining, as well as TeraWulf, reflects a trend of increasing AI capabilities in partnership with mining companies, which possess the necessary infrastructure to support data centers.

Cipher Mining has also raised its planned private placement of convertible bonds from $800 million to $1.1 billion, with funds allocated, in part, for the Texas facility.

To recall, in March, the AI startup CoreWeave, which previously focused on cryptocurrency mining, signed a partnership agreement with OpenAI valued at up to $11.9 billion.