Crusoe

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

• 2026-09-25: Ended $1.25B Boom Supersonic turbine deal for Abilene campus; continues with GE Vernova and alternative power (2026-09-25-crusoe-abandons-boom-turbines-datacenter)

• 2026-09-17: Raised $3.9BSeriesFat$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: $1.38Bat$10B valuation (October 2025)

Spark Modular AI Factories

Truck-deployable modular data center units designed to shorten AI infrastructure build timelines (modular-ai-factories).

Related

• crusoe-abandons-boom-turbines-datacenter

• ai-infrastructure

• data-centers

• nvidia

• modular-ai-factories

• flared-gas-compute

• jane-street

Sources

• 2026-09-17-crusoe-3-9b-ai-data-centers
• 2026-09-17-crusoe-series-f-reuters