Gate News message, April 14 — Fluidstack, a New York-based cloud infrastructure startup, is in talks to raise approximately $1 billion at a target valuation of $18 billion, according to people familiar with the matter. Jane Street and Situational Awareness are discussing co-leading the round, with Morgan Stanley serving as advisor.
The company was valued at about $7.5 billion in an earlier funding round this year that included Situational Awareness. Fluidstack recently announced a $50 billion deal with Anthropic to build custom data centers.
Fluidstack is a “neocloud” provider that supplies large clusters of GPUs to customers and works with partners to build dedicated computing capacity. Its expansion relies on former Bitcoin miners such as TeraWulf and Cipher Mining, which are converting power-intensive industrial sites into data centers. Google, an investor in Anthropic, has taken stakes in TeraWulf and Cipher.
The $50 billion Anthropic deal signals a shift as AI firms move from renting standard cloud capacity to ordering custom-built infrastructure. This trend provides Bitcoin miners with a new revenue stream, helping them emerge from a profitability crisis by offering land and power for high-performance computing data centers. Cipher Mining and TeraWulf are pursuing long-term contracts for AI and HPC infrastructure to secure steadier cash flow than Bitcoin mining alone.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
South Korea Chaebol Families Earn 27x Average Worker Pay, Three CEOs Top 100x
In 2025, South Korean chaebol family members earned an average of 2.72 billion won, significantly outpacing employee compensation. Notable pay disparities exist, with several executives earning over 100 times their employees' salaries. Some companies increased owner pay while cutting staff salaries, while others did the opposite.
GateNews9m ago
Amazon Acquires Globalstar for $11.6B to Challenge SpaceX in Satellite Communications
Amazon is set to acquire Globalstar for $11.6 billion, enhancing its satellite communications capabilities. The deal is aimed at boosting Amazon's Project Kuiper, enabling direct-to-device services by 2028, and may reshape competition in the market.
GateNews13m ago
Major CEX Partners with High Roller Technologies to Enter Prediction Market Space
A major centralized exchange has partnered with High Roller Technologies to provide prediction market services in the U.S. Analysts project significant growth in this sector, although it faces regulatory challenges.
GateNews13m ago
KKR to Invest $820M in Samsung SDS Through Convertible Bond Purchase
KKR will invest approximately $820 million in Samsung SDS through convertible bonds, facilitating a potential future equity stake.
GateNews33m ago
Samsung Raises Smartphone and Tablet Prices in U.S. Amid Memory Shortage
Samsung Electronics increased prices for select smartphones and tablets in the U.S., citing rising costs from memory supply shortages. Key models, including the Galaxy Z Flip7 and Galaxy Tab S11, saw significant price hikes, indicating potential increases for future products.
GateNews43m ago
Goldman Sachs Files for Bitcoin ETF with SEC
Goldman Sachs filed for a Bitcoin ETF with the SEC, aiming to invest primarily in Bitcoin ETPs and generate monthly dividends through options sales. This move marks a shift to issuer status and reflects increasing institutional interest in crypto investments.
GateNews52m ago
