Google has helped strike another deal with a Bitcoin miner. On Thursday, Cipher Mining announced that it was leasing a data warehouse it owns in Colorado City, Texas, to an AI computing startup. The Bitcoin miner projects the contract to net the company $3 billion over its initial 10-year term and $7 billion if two five-year extensions are exercised.

Cipher Mining struck the deal with Fluidstack, an AI computing startup based in the U.K. Google has agreed to backstop $1.4 billion in the startup’s lease obligations, and, in return, receive 5.4% in equity in Cipher Mining.

“We believe this transaction represents the first of several in the HPC space,” Tyler Page, CEO of Cipher Miner, said in a statement, referring to high-performance computing, an industry term that generally refers t

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