Fluidstack Aims to Raise $1 Billion, Targeting $18 Billion Valuation

According to Bloomberg, citing informed sources, cloud computing startup Fluidstack is in funding negotiations with investors, aiming to raise approximately $1 billion at a target valuation of $18 billion. The sources indicated that this round of financing is intended to accelerate Fluidstack’s business expansion and further solidify its market position in the distributed cloud computing and Web3 infrastructure sectors. Fluidstack centers on decentralized cloud computing services, dedicated to delivering efficient, low-cost computational power to blockchain projects and the broader cryptocurrency ecosystem. If successfully completed, this funding round will help strengthen Fluidstack’s R&D capabilities and expand its global business footprint.