FluidStack Seeks $1 Billion Funding at $18 Billion Valuation

According to Bloomberg, Fluidstack is discussing a roughly $1 billion raise at an approximately $18 billion valuation after signing a custom data center deal with Anthropic and shifting its focus to the U.S.

BTC

Summary

According to Bloomberg, Fluidstack is in talks to raise about $1 billion at an approximately $18 billion valuation. Jane Street and Situational Awareness are discussing co-leading the financing, with Morgan Stanley advising on the round. The cloud startup recently signed a roughly $50 billion custom data center deal with Anthropic and has shifted its focus to the U.S., adding significant new context to its expansion plans beyond its previously reported infrastructure ties with Bitcoin miners TeraWulf, Cipher Mining, and Hut 8.

Terms & Concepts
  • Cloud startup: A company focused on delivering computing services and infrastructure over the internet, including processing power, storage, and related platform services.
  • Custom data center deal: A tailored agreement to build or provide dedicated data center capacity designed for a specific customer’s computing needs.