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AI cloud platform FluidStack is reportedly aiming to raise $1 billion at an $18 billion valuation. Sources indicate that Leopold Aschenbrenner's firm, Situational Awareness, is in discussions to co-lead the funding round. The capital is intended to bolster FluidStack's growth in AI computing and cloud infrastructure. FluidStack has existing partnerships with Bitcoin mining firms such as TeraWulf, Cipher Mining, and Hut 8.

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