Huo Xing Cai Jing reports, according to TechCrunch, AI data center developer Crusoe has raised $3 billion in funding, achieving a $30 billion valuation, led jointly by Atreides Management and Valor Equity Partners, with participation from Mubadala Capital, the sovereign wealth fund of Abu Dhabi. Crusoe’s clients include Meta, Microsoft, and OpenAI, and it recently signed a five-year, $13 billion cloud contract with quantitative trading giant Jane Street for GPU and AI infrastructure. This funding round comes just 10 months after its October last year $1.38 billion round at a $10 billion valuation. Founded in 2018, Crusoe initially used flare gas for Bitcoin mining before transitioning into AI infrastructure and cloud services, becoming known for developing hyperscale data center campuses. Axios reported last month that Crusoe has met with investment banks including Goldman Sachs and Morgan Stanley to discuss a potential IPO.
AI data center developer Crusoe raises $3 billion at a $30 billion valuation
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Summary
AI and crypto news firm Crusoe has raised $3 billion in a funding round led by Atreides Management and Valor Equity Partners, with Mubadala Capital also participating. The company is now valued at $30 billion and serves clients including Meta, Microsoft, and OpenAI. It recently signed a $13 billion, five-year GPU and AI infrastructure cloud deal with Jane Street. This follows a $1.38 billion raise in October 2025 at a $10 billion valuation. Founded in 2018, Crusoe transitioned from Bitcoin mining to AI infrastructure. Axios reported that it has discussed an IPO with Goldman Sachs and Morgan Stanley. Inflation data trends may influence investor sentiment in the sector.
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