AI Compute Deals

Fluidstack AI compute deals

Fluidstack is party to 3 deals in the ledger, buyer in 2 and seller in 1. The 3 with a stated price add up to $56.7B in headline value. Stated capacity: 0.37 GW. Counterparties: Anthropic, Cipher Mining, TeraWulf.

Verified 9 Nov 2026. Sums count each row’s headline figure as stated, cancelled deals excluded. Open in the full ledger

  1. Anthropic $50B US data centers with Fluidstack

    Sells to Anthropic

    $50 billion planned investment; split between Fluidstack and other parties not disclosed. Anthropic's S-1/A confirms a colocation and services agreement with Fluidstack USA I Inc.

    $50B1 signed

  2. Cipher Mining–Fluidstack 168 MW Barber Lake lease, Google backstop

    Buys from Cipher Mining

    About $3 billion of contracted revenue over the initial 10-year term; two five-year extensions could add about $7 billion. 168 MW critical IT (244 MW gross). A Nov 2025 39 MW add-on brought about $830 million more, lifting the partnership to about $3.8 billion and Google's backstop to $1.73 billion.

    $3B1 0.168 GW expanded

  3. TeraWulf–Fluidstack 200 MW hosting, Google backstop

    Buys from TeraWulf

    About $3.7 billion contracted revenue over initial 10-year terms; about $8.7 billion with two five-year extensions. Google backstop $1.8 billion. Expanded 18 Aug 2025 with a 160 MW CB-5 lease: ~360 MW and $6.7 billion contracted in total, Google's backstop ~$3.2 billion and stake ~14%.

    $3.7B1 0.2 GW expanded