According to a report from CoinWorld News, sources familiar with the matter say that the AI cloud platform FluidStack plans to raise about $1 billion at a valuation of $18 billion. Situational Awareness, an organization under Leopold Aschenbrenner, is currently negotiating to participate in the round and jointly lead the investment. The funding round is expected to be used to accelerate FluidStack’s expansion in AI computing and cloud infrastructure. It is also reported that FluidStack has previously signed cooperation agreements with multiple Bitcoin mining companies, including TeraWulf, Cipher Mining, and Hut 8.