Cipher Mining Signs $3 Billion AI Hosting Deal Backed by Google
The 10-year agreement with Fluidstack will see the Bitcoin miner develop a 168-megawatt data center in Texas for high-performance computing.
A Pivot to AI Infrastructure
Cipher Mining, a company that has historically focused on Bitcoin mining, announced a major pivot into AI infrastructure on September 25, 2025. The company signed a 10-year high-performance computing (HPC) hosting agreement with AI cloud platform Fluidstack, valued at approximately $3 billion. Under the deal, Cipher will develop a 168-megawatt data center at its Barber Lake site in Texas, with delivery expected by September 2026.
The deal is part of a broader trend of cryptocurrency mining companies repurposing their large-scale energy infrastructure to meet the surging demand for AI computing. "This transformative transaction reinforces …
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