Google Eyes Another Crypto Mining Stake In AI Data Center Rush
Google, the parent company of Alphabet Inc., has struck a deal with Fluidstack, an AI computing startup, that will give the tech giant the right to acquire a 5.4% stake in Cipher Mining Inc. This deal is part of a multi-year data center agreement between the two companies. Cipher Mining is a cryptocurrency mining company that operates data centers. The deal with Fluidstack suggests that Google is interested in expanding its involvement in the crypto mining industry, as it seeks to leverage the growing demand for AI-powered computing resources. The agreement highlights the increasing convergence between the tech and cryptocurrency sectors, as companies look to capitalize on the growing need for high-performance computing power, particularly in the field of artificial intelligence.
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