FluidStack plans to raise $1 billion at a valuation of $18 billion

AI cloud platform FluidStack plans to raise approximately $1 billion at a valuation of $18 billion. Situational Awareness, a subsidiary of Leopold Aschenbrenner, is in talks to participate and co lead the investment. The funds will be used for expansion in the fields of AI computing and cloud infrastructure. FluidStack has previously signed cooperation agreements with Bitcoin mining companies such as TeraWulf, Cipher Mining, Hut 8, etc.