Updated: 20.03.2026
Google acquired 5,4% of shares Bitcoin-miner Cipher Mining in a multi-year, $3 billion deal with AI data center firm Fluidstack.
Google is said to receive its stake in Cipher Mining in exchange for guarantees to fulfill Fluidstack’s $1,4 billion contractual obligations with Cipher. This is part of Fluidstack’s even larger $3 billion deal with Cipher for a 10-year lease of computing power.
As part of the deal, Cipher will provide Fluidstack with 168 megawatts of computing power, with a maximum total capacity of 244 megawatts, at its Barber Lake site in Colorado City, Texas. The site’s total capacity could reach 500 megawatts.
Google, in turn, will cover Fluidstack’s $1,4 billion lease obligations to Cipher Mining. In exchange, the internet giant will receive warrants to acquire approximately 24 million Cipher common shares, representing approximately 5,4% of the miner’s stake.
Cipher CEO Tyler Page said the deal would strengthen the company’s position in high-performance computing.
We believe this transaction will be the first of several in the high-performance computing space as we continue to expand our capabilities and strengthen our position in this fast-growing sector,» he said.
This isn’t Google’s first investment in mining companies. At the end of August, the search giant became the largest shareholder in the miner TeraWulf, acquiring 14% of the company in exchange for warranties as part of a separate deal with Fluidstack.
Risk Warning:
The information on this website is for informational and educational purposes only and does not constitute investment advice or financial recommendations. Cryptocurrencies and digital assets carry a high level of risk, including possible loss of capital. The editors are not responsible for decisions made based on the published materials. It is recommended that you conduct your own research (DYOR) before making any investment decisions.