FluidStack Seeks $1 Billion Funding at $18 Billion Valuation

AI cloud platform FluidStack is reportedly aiming to raise approximately $1 billion at a valuation of $18 billion. According to Odaily, sources indicate that Leopold Aschenbrenner's firm, Situational Awareness, is in discussions to participate and co-lead the investment round. The funds are expected to accelerate FluidStack's expansion in AI computing and cloud infrastructure. FluidStack has previously established partnerships with several Bitcoin mining companies, including TeraWulf, Cipher Mining, and Hut 8.