Google Acquires 5.4% Equity in Bitcoin Miner Cipher Through $1.4B Financial Backstop Deal

Google has secured a 5.4% stake in Bitcoin mining firm Cipher Mining via a $1.4 billion financial backing arrangement announced Thursday. The deal supports Cipher's strategic transition into AI infrastructure through a 10-year, $3 billion hosting agreement with Fluidstack, positioning the former crypto miner as a key player in high-performance computing.