Cipher Mining, a company specializing in Bitcoin mining and data center operations, has revealed a long-term partnership with Fluidstack, spanning a decade, focusing on high-performance computing colocation. Under the agreement, Fluidstack will leverage Cipher Mining’s infrastructure. In a related move, Google will provide backing for the expansion in return for equity in Cipher Mining. News of the agreement coincided with a drop in the value of Bitcoin, which subsequently impacted Cipher Mining’s stock, CIFR, causing a decrease in price. According to a statement released on Thursday, Cipher Mining (CIFR) has committed to providing Fluidstack with 168 megawatts (MW) of IT and data processing resources at its Barber location…
