Full-Time
Posted on 10/31/2025
High-performance GPU cloud for AI workloads
$175k - $320k/yr
San Francisco, CA, USA + 1 more
More locations: New York, NY, USA
In Person
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FluidStack provides GPU-based cloud infrastructure for artificial intelligence workloads, delivering large-scale Nvidia GPU clusters through a neocloud model. The platform offers automated provisioning and a centralized orchestration layer that hides hardware complexity, with native support for Kubernetes and Slurm and proprietary monitoring to track power usage and hardware health. It targets AI labs, research institutions, and enterprise tech teams that need scalable, pay-as-you-go access to high-performance compute without owning data centers. The company's goal is to make it easy for organizations to train, develop, and deploy complex machine learning models by providing reliable, scalable GPU resources on demand.
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$11B
Headquarters
New York City, New York
Founded
2017
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The cloud-computing startup Fluidstack Ltd. is holding funding talks with investors to bring in about $1 billion at a target valuation of $18 billion, according to people briefed on the matter.
Fluidstack, a London-founded data centre startup, has been valued at $7 billion after raising over $750 million in funding. The company, established in 2017 by Gary Wu, Cesar Maklary and James Cox, is building AI infrastructure across America. The startup relocated its headquarters from London to New York in December to focus on US customers, creating over 1,000 jobs. New investors include Situational Awareness, an AI hedge fund founded by former OpenAI employee Leopold Aschenbrenner. Fluidstack is backed by Google, which has provided a $1.8 billion backstop to the company's data centre lease obligations and is reportedly in talks for an equity stake. The company is also working with Anthropic to build up to $50 billion of AI data facilities across New York and Texas.
City sources say Fluidstack could still secure additional funding as start-up hits $7bn valuation
Fluidstack has abandoned an $11.5 billion data centre project in northern France to focus on US expansion, according to Bloomberg. The operator is relocating its global headquarters from the UK to New York and exited a secondary facility near Paris used by Mistral. The move could prove beneficial for Bitcoin miners partnering with Fluidstack. Hut 8, TeraWulf and Cipher Mining have signed deals with the firm over the past six months. Hut 8's 15-year agreement to build a 245-megawatt Louisiana site with Fluidstack and Anthropic generates $7 billion in revenue, potentially rising to $17.7 billion with expansion clauses. Fluidstack's US expansion includes a $50 billion master agreement with Anthropic to operate compute clusters across New York, Texas and other states.
Hut 8 Corp has signed a 15-year, $7 billion IT capacity lease with Google-backed Fluidstack at its River Bend campus, marking a strategic shift from pure Bitcoin mining towards AI and data centre infrastructure. The company also sold a 310MW natural gas power plant portfolio to refocus capital. The deal is part of Hut 8's broader push to build 245MW to 2,295MW of AI data centre capacity with blue-chip clients. The company is carving out legacy mining operations into American Bitcoin whilst developing an 8,500MW infrastructure pipeline. Hut 8's narrative projects $767.3 million revenue and $140.6 million earnings by 2028, requiring 76.9% yearly revenue growth. Some analysts expect the company to reach $1.1 billion in revenue by 2028, though execution risks and potential dilution from capital-intensive expansion remain key concerns.