Fluidstack is in talks to raise $1 billion at an $18 billion valuation, following a significant deal with Anthropic. The startup, leveraging former Bitcoin miners to build custom data centers, signals a shift in AI companies toward dedicated infrastructure, creating new revenue opportunities.

Cloud computing startup Fluidstack is seeking to raise around $1 billion at an $18 billion valuation to boost its expansion in decentralized cloud computing and Web3. The funds will enhance R&D and support growth in the blockchain sector.

Korean payment service provider NHN KCP has signed a memorandum of understanding with Ava Labs, planning to build a Layer 1 network for payment use cases based on Ava Cloud. This covers areas such as payment confirmation, transaction data encryption, and merchant payment infrastructure, while also exploring opportunities like tokenized deposits and cross-border payments. The launch of the L1 mainnet will be affected by South Korea’s crypto regulatory oversight.

Telegram CEO Pavel Durov criticized WhatsApp’s end-to-end encryption mechanism, calling it “consumer fraud.” He said that most private messages ultimately are not stored encrypted in the cloud, creating privacy risks, sparking discussions about how messaging apps protect user privacy.

Gate News update, April 10: Nasdaq-listed Bitcoin miner BitFuFu disclosed its March operating data. The data shows that BitFuFu sold 80 bitcoins in March, while its mining output during the same period was 214 BTC, including 171 BTC from its cloud mining business and 43 BTC from its self-operated mining business. As of the end of March, BitFuFu’s bitcoin holdings totaled 1,794 coins.

Decentralized GPU cloud computing platform Aethir confirmed that its Ethereum bridge contract was attacked, with losses kept within $90k. The team promptly disconnected the contract and worked with exchanges to deal with the hacker wallets. The attacker used a cross-chain smart contract to move funds. Aethir plans to announce a compensation plan next week, and revenue is expected to reach $127.8 million in 2025.

As of March 2026, Alibaba Cloud’s Qwen series models account for more than 50% of global open-source model downloads, with a cumulative total of 942.1 million times. Their smaller-parameter versions are widely favored by developers. With the release of Qwen 2.5 and 3.5, Chinese models have gradually begun to surpass their U.S. counterparts, and the open-source strategy has become a key factor in the AI competition between China and the U.S.

CoreWeave and Meta have reached a new agreement to provide AI cloud capacity through 2032, with a transaction value of approximately $21 billion. This agreement is built on the prior $14 billion partnership, and the added capacity will include the first deployments of NVIDIA Vera Rubin platform.

OpenAI has paused the Stargate infrastructure project it planned to advance in the UK due to high energy costs and regulatory uncertainty. Whether the project will move forward is still being evaluated; OpenAI will instead use third-party cloud services, and it is expected that compute spending will be significantly reduced by 2030.

Reports say Anthropic’s revenue has grown rapidly this year, surpassing OpenAI, and its valuation is $3800 billion, leaving investors puzzled by OpenAI’s $8520 billion valuation. Differences in how reports split revenue with cloud partners partly explain the revenue gap, and investors are focused on OpenAI’s pricing strategy and whether its valuation is reasonable.