The artificial intelligence and high performance computing sector continues to boom, with Google set to acquire warrants to buy approx. 24 million shares in digit mining (digifr), corresponding to approx. 5.4% shareholding, as part of a 10-year AI-Hosting agreement with Fluidtack. The agreement emphasizes Google’s deeper push in the AI infrastructure, while Cipher’s role in large -scale computer services increases CIPH’s role in large -scale computer services.
As part of the agreement, Google Backstop will $ 1.4 billion of Fluidtack’s leasing obligations and help support project -related debt financing. The contract is valued at around $ 3 billion in the initial period and could increase to $ 7 billion with two optional five-year expansions. Digit is expected to deliver 168 megawatt critical IT load at its Søbarbersted in Colorado City, Texas, in September 2026. Digit will retain full ownership of the project and utilize the capital markets to finance additional needs.
Cipher shares originally rose as much as 20% on the news, but was ahead of 5% premarket at the press time. The stock is up seven times from the April base as Bitcoin mine workers have moved their business focus to high-performance computing and AI infrastructure.
