News list for " fluid stack"
According to Bloomberg, citing people familiar with the matter, cloud computing startup Fluidstack is in talks to raise a new round of financing of about $700 million, which would value the company at $7 billion. Situational Awareness, an investment firm founded by former OpenAI researcher Leopold Aschenbrenner, is expected to lead the round of financing. Google's parent company Alphabet Inc. is also considering participating in the investment, while Goldman Sachs Group is acting as a bank advis...
According to TheInformation, Google has aggressively expanded its TPU market, including a deal with Cloud as a Service provider Fluidstack: if Fluidstack cannot pay the rent for the new data center in New York, Google will provide up to $3.20 billion guarantee.
Bitcoin mining company TeraWulf has announced a partnership with AI cloud platform Fluidstack to develop a 168 trillion watt AI data center in Abernathy, Texas. The project is backed by a $1.30 billion lease from Google and is expected to generate about $9.50 billion in contract revenue for the joint venture, with TeraWulf holding a 51% ownership stake. The facility will serve a global hyperscale AI platform focused on cutting-edge foundational models and is expected to be completed in the secon...
On August 14th, Bitcoin miner TeraWulf (NASDAQ: WULF) signed two 10-year HPC hosting agreements with AI cloud platform Fluidstack, which will provide more than 200 MW of critical IT load in the LakeMariner data center in New York. It is expected that the first 10 years of contract revenue will be about 3.70 billion US dollars, and if the extension period is exercised, it can reach 8.70 billion US dollars. Google will provide guarantees for Fluidstack's $1.80 billion lease obligation to support p...
