AI cloud startup Fluidstack reportedly seeks $700M at $7B valuation as data center demand surges

Summary

Industry publication The MinerMag reports that AI-focused cloud-computing startup Fluidstack is in talks to raise around $700 million at a valuation of roughly $7 billion, reflecting investor appetite for infrastructure that can serve AI workloads. The article situates Fluidstack’s ambitions within a broader boom in AI-optimized data centers, including partnerships and capacity expansions with mining and energy firms like TeraWulf and Cipher Mining, as capital flows into power- and GPU-intensive facilities.