🚨 GOOGLE SURPRISES THE MARKET: buys 5.4% of a Bitcoin mining company! $BTC
A big tech has fully entered the game by acquiring a stake in Cipher Mining, in a deal involving US$ 1.4 billion and direct connection with AI and data centers.
The tech giant has signed an agreement that involves guaranteeing US$ 1.4 billion in obligations from Fluidstack, in exchange for this stake. Cointelegraph
The deal is part of a US$ 3 billion and 10-year contract for renting computational power in AI data centers. Cointelegraph
🔎 Why does this matter?
The move signals how major technology players are integrating crypto mining and AI infrastructure. Cipher will provide up to 168 MW of computing to Fluidstack, with a gross capacity of up to 244 MW, at its Barber Lake (Texas) facility. Other miners have been migrating to high-performance computing (HPC) and AI, seeking new revenue streams.
💡 Practical implications
The convergence between crypto + AI deepens: large companies are betting on technological synergies. Miners that incorporate AI infrastructure have potential for additional appreciation beyond pure bitcoin. This type of operation tends to attract new institutional investors interested in mixed exposure (crypto + tech).
👉 The big question: will this be the moment for crypto companies to transform into intelligent computing hubs, far beyond simple mining?