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Fluidstack is no longer a GPU cloud — it is Anthropic's general contractor and tenant-in-the-middle, sitting between crypto-miner landlords (TeraWulf, Cipher, Hut 8) and one $50B customer, with Google standing behind the leases. The $18B mark (~27x a $660M 2026 projection) is a bet that it keeps the middle seat; the Sept 2026 Cipher amendment, where the "leading AI lab" signed the follow-on lease directly with the landlord, is the first filed sign that the middle seat is rentable, not owned. WAT
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Datacenters & Digital Infrastructure
Company details
| Industry | Cloud Computing |
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