Google is investing in Bitcoin mining infrastructure by securing a 5.4% stake in Cipher Mining in exchange for backing a $1.4 billion lease for Fluidstack, a UK AI startup. This deal is part of a broader strategy for Google to repurpose data centers originally built for Bitcoin mining into high-performance computing (HPC) for AI, indicating a strategic convergence between the AI and crypto industries. Google has also made a similar deal with TeraWulf, another Bitcoin miner.
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