Overview
- Cipher Mining signed a 10-year colocation agreement with Fluidstack worth roughly $3 billion, including about $1.4 billion in guaranteed lease obligations tied to warrants for a 5.4% stake.
- TeraWulf outlined plans to issue $3.2 billion in senior secured notes to expand its Lake Mariner data center in Barker, New York for AI and high-performance computing.
- IREN closed a $1 billion convertible senior notes offering to fund its buildout of AI and HPC cloud services.
- Bitdeer announced a plan to convert its 570-megawatt Clarington, Ohio site for AI data center capacity, and its shares surged nearly 30% on Wednesday.
- Mining equities have outpaced Bitcoin in 2025, with a fund tracking the group up more than 150% year-to-date, while the week ending Oct. 17 saw mixed returns led by Bitdeer (+29.84%) and lagged by Hive (−16.03%).