Overview
Crusoe is a vertically integrated AI infrastructure provider that pivoted from crypto mining on flared natural gas to AI compute. Denver-based; builds large data centers and modular “Spark” AI factories deployable by truck.
Recent Developments
- 2026-09-17: Raised 30.9B post-money valuation — co-led by Atreides Management, Mubadala Capital, Valor Equity Partners (2026-09-17-crusoe-3-9b-ai-data-centers)
- Investors: nvidia, Founders Fund, GIC, QIA, Radical Ventures, TPG, Salesforce Ventures
- Building OpenAI site in Abilene, Texas; customers include Meta, Microsoft, Oracle
- Reported $13B five-year GPU contract with jane-street
- Exploring near-term IPO; new board members: Thomas Seifert (Cloudflare CFO), JB Straubel (Redwood Materials CEO)
- Prior round: 10B valuation (October 2025)
Spark Modular AI Factories
Truck-deployable modular data center units designed to shorten AI infrastructure build timelines (modular-ai-factories).