Google Takes 5.4% Stake in Cipher Mining as Part of $5 Billion AI Data Center Deal

Alphabet's Google has acquired a 5.4% stake in Bitcoin miner Cipher Mining, securing approximately 24 million warrants through a $5 billion AI hosting agreement. The 10-year deal helps backstop $1.4 billion in financing for Cipher's Texas data center expansion, positioning the company at the intersection of AI infrastructure and cryptocurrency mining.