Google takes 5.4% stake in Bitcoin mining company Cipher Mining in $3B deal
PositiveCryptocurrency

Google's recent investment in Cipher Mining, acquiring a 5.4% stake through a $1.4 billion backing of Fluidstack's obligations, marks a significant move in the cryptocurrency and AI sectors. This $3 billion deal not only strengthens Google's position in the Bitcoin mining industry but also highlights the growing intersection of AI and blockchain technology. As companies increasingly look to integrate these technologies, this partnership could pave the way for innovative developments in data processing and energy efficiency.
— Curated by the World Pulse Now AI Editorial System