According to Bloomberg, Google has signed a data center contract worth $3 billion with cryptocurrency mining company Cipher Mining, which will provide a $1.4 billion guarantee for AI startup Fluidstack's contract and acquire a 5.4% stake in Cipher. Cipher stated that it will use Google's guarantee to finance the expansion of its 168-megawatt facility located in Colorado City, Texas, expected to be operational by 2026, with a future expansion cap of 500 megawatts.

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