{"id":"ec4b4a4c-1edd-4735-9245-61c3ac8abf71","slug":"cipher-mining-x-google-fluidstack-backstop-2025","name":"Cipher x Google (Fluidstack lease backstop)","partnershipType":"investment","status":"active","announcedDate":"2025-09-25T12:00:00.000Z","startDate":null,"endDate":null,"summary":"Google agreed to backstop Fluidstack's Barber Lake lease obligations, raised to $1.73 billion in November 2025, and received warrants in Cipher.","sources":[{"url":"https://www.sec.gov/Archives/edgar/data/1819989/000095010325012168/dp234624_8k.htm","title":"Cipher Mining Form 8-K (Fluidstack lease and Google backstop)","sourceName":"Cipher Mining (SEC filing)","publishedAt":"2025-09-25"},{"url":"https://www.sec.gov/Archives/edgar/data/1819989/000095010325015073/dp237633_8k.htm","title":"Cipher Digital Form 8-K filed November 20, 2025","sourceName":"Cipher (SEC filing)","publishedAt":"2025-11-20"}],"verificationPosture":"verified","reviewStatus":"unreviewed","createdAt":"2026-10-13T04:29:38.954Z","updatedAt":"2026-10-13T04:29:38.954Z","parties":[{"id":"be3f2b73-6293-4e58-bd25-947a90e0ccdf","partnershipId":"ec4b4a4c-1edd-4735-9245-61c3ac8abf71","companyId":"35eaeff9-d98c-4194-8bd1-6e6f7ea6013f","externalName":null,"role":"other","createdAt":"2026-10-13T04:29:39.038Z","company":{"id":"35eaeff9-d98c-4194-8bd1-6e6f7ea6013f","slug":"cipher-mining","name":"Cipher Mining"}},{"id":"4db80efd-8869-44f2-9292-e71c3f6a1c29","partnershipId":"ec4b4a4c-1edd-4735-9245-61c3ac8abf71","companyId":"0ed0d0e3-6e8b-4701-a812-f13221399dd4","externalName":null,"role":"investor_partner","createdAt":"2026-10-13T04:29:39.122Z","company":{"id":"0ed0d0e3-6e8b-4701-a812-f13221399dd4","slug":"google","name":"Google"}}]}