Odaily Planet Daily reports that, according to insiders, the AI cloud platform FluidStack is planning to raise approximately $1 billion at an $18 billion valuation, with Leopold Aschenbrenner’s firm Situational Awareness currently negotiating to participate and co-lead the round. The proceeds are expected to accelerate FluidStack’s expansion in AI computing and cloud infrastructure. It is understood that FluidStack has previously entered into partnership agreements with multiple Bitcoin mining companies, including TeraWulf, Cipher Mining, and Hut 8.
AI cloud platform FluidStack aims to raise $10 billion at an $18 billion valuation
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Summary
AI and crypto news platform FluidStack is in discussions to raise $10 billion at an $180 billion valuation, with Situational Awareness expected to co-lead the round. The funds will be used to expand AI computing and cloud infrastructure. The company has partnered with Bitcoin mining firms including TeraWulf, Cipher Mining, and Hut 8.
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