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flag Cipher Mining secures $3B HPC deal with Fluidstack, backed by Google, for Texas data center expansion.

flag Cipher Mining Inc. has secured a 10-year, $3 billion HPC colocation deal with Fluidstack for its Texas data center, delivering 168 MW of IT load with up to 244 MW capacity, expandable to 500 MW. flag Google backs $1.4 billion of Fluidstack’s lease obligations and receives warrants for roughly 5.4% of Cipher’s equity. flag The agreement includes two five-year extensions that could raise the total value to $7 billion. flag Cipher retains full ownership, plans to fund the project via capital markets, and is advancing a 2.4 GW pipeline of HPC developments. flag The deal, supported by Morgan Stanley and major law firms, reflects growing demand for AI infrastructure.

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