Fluidstack's $1.5B round shows $730M sold

Fluidstack’s reported $1.5 billion funding round sits beside a more sober SEC snapshot: the company’s Form D lists $729,999,546 sold against that offering, while Forbes reports a valuation above $18 billion. The filing does not prove the reported lead investor or the round’s final close, so capacity buyers should separate committed power, signed contracts, and cash actually raised, as the archive’s Nscale compute-cost analysis does.