According to Huoxing Finance, sources familiar with the matter reveal that AI cloud platform FluidStack is planning to raise approximately $1 billion at an $18 billion valuation, with Leopold Aschenbrenner’s firm, Situational Awareness, currently in talks to participate and co-lead the round. The funding is expected to accelerate FluidStack’s expansion in AI computing and cloud infrastructure. It is reported that FluidStack has previously entered into partnership agreements with several Bitcoin mining companies, including TeraWulf, Cipher Mining, and Hut 8.
AI Cloud Platform FluidStack Aims to Raise $1 Billion at an $18 Billion Valuation
MarsBitShare
Summary
AI and crypto news outlet MarsBit reports that FluidStack, an AI cloud platform, is in discussions for a $1 billion funding round at an $18 billion valuation. The round is expected to be co-led by Leopold Aschenbrenner’s firm, Situational Awareness. The funds will support expansion in AI computing and cloud infrastructure. FluidStack has already partnered with Bitcoin miners including TeraWulf, Cipher Mining, and Hut 8. This funding news underscores the platform’s growing influence in both the AI and blockchain sectors.
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