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Google, valued at $2 trillion, is investing in publicly listed Bitcoin miner Cipher Mining. As part of a 10-year agreement with AI cloud platform Fluidstack, Google will receive a 5.4% stake in Cipher and backstop $1.4 billion in lease obligations. Cipher will deliver 168 MW of AI computing power from its Texas site, generating about $3 billion in contract revenue over the first decade. The deal marks a strategic shift merging crypto mining with AI infrastructure.
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