📢 Strong news shakes the intersection of crypto and artificial intelligence
Cipher Mining, one of the leading Bitcoin miners, announced an increase in the value of its convertible bond issuance to $1.1 billion, up from just $800 million.
🔹 This comes after signing a massive hosting agreement with Fluidstack worth $3 billion for a duration of 10 years, directly supported by Google, which guaranteed $1.4 billion in lease commitments and acquired a 5.4% stake in Cipher's shares.
🏗️ The proceeds will be used to develop the Barber Lake site in Texas, which will start with 168 megawatts of computing power, with the possibility of extending the contract to reach a total value of $7 billion.
⚡️ This merger of mining and artificial intelligence could reshape the future of companies operating in blockchain and strengthen Cipher's position as a major player backed by technology giants.
#Bitcoin #AI #Google #Cipher #crypto #digital_currencies #ضرار_الحضري
