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  1. Huxiu

    Fluidstack Completes $1.5 Billion Financing at a Valuation of $18 Billion

    AI infrastructure company Fluidstack has completed $1.5 billion in financing at a post-money valuation of $18 billion, led by quantitative trading giant Jane Street, with its valuation rising from $7.5 billion to $18 billion within 60 days. Its core asset is a multi-billion-dollar compute contract signed with Anthropic, and it is participating in Anthropic's plan to deploy up to 1 million Google TPUs, becoming the first publicly disclosed TPU data center operator other than Google. The article points out that this circular financing, in which the funder simultaneously acts as customer and guarantor, carries systemic risk, and that Fluidstack's revenue is highly concentrated in a single customer such as Anthropic.

    AI infrastructure company Fluidstack has completed $1.5 billion in financing at a post-money valuation of $18 billion, led by quantitative trading giant Jane Street, with its valuation rising from $7.5 billion to $18 billion within 60 days. Its core asset is a multi-billion-dollar compute contract signed with Anthropic, and it is participating in Anthropic's plan to deploy up to 1 million Google TPUs, becoming the first publicly disclosed TPU data center operator other than Google. The article p

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