Jul. 2 at 11:56 PM
Crusoe is in talks to raise about
$3 billion in a funding round that could nearly triple its valuation to around
$30 billion, according to Bloomberg. The AI data center operator was last valued at about
$10 billion in October.
The company builds and operates large AI data centers, supplying computing capacity under contracts with major tech firms. Crusoe recently said it has nearly 5 gigawatts of contracted AI computing capacity and a pipeline exceeding 40 gigawatts.
Bloomberg previously reported that Meta has agreed to purchase computing capacity at Crusoe’s Texas and Missouri data centers. Founded in 2018 as a business using excess natural gas to power crypto mining, Crusoe later shifted its focus to AI infrastructure.
The company also paused plans for a Wyoming data center after failing to secure key customer commitments, with Bloomberg reporting Google had raised concerns over costs and project timelines.
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