Crusoe Completes $3 Billion Funding Round, Valuation Reaches $30 Billion

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Crusoe closed a $3 billion funding round, pushing its valuation to $30 billion. The company, which began in 2018 as a crypto miner, now focuses on AI and crypto infrastructure, providing services to Meta, Microsoft, and OpenAI. Atreides Management and Valor Equity led the round, with Mubadala Capital also participating. Crusoe signed a $13 billion, five-year cloud agreement with Jane Street and is in discussions with Goldman Sachs and Morgan Stanley regarding a potential IPO. The company raised $1.38 billion in October 2025 at a $10 billion valuation.
CoinDesk reports:

Crusoe is reported to have completed a new funding round of $3 billion, raising its post-money valuation to $30 billion. The company originally began in cryptocurrency mining before shifting to AI infrastructure and cloud services, with clients including Meta, Microsoft, and OpenAI.

This funding round was co-led by Atreides Management and Valor Equity Partners, with participation from Mubadala Capital, the asset management subsidiary of Abu Dhabi’s sovereign wealth fund, Mubadala.

Business Expansion

  • Crusoe has also recently signed a five-year cloud services contract worth $13 billion with the quantitative trading firm Jane Street.
  • The company provides the client with GPU and AI infrastructure.
  • In October last year, Crusoe raised $1.38 billion at a $10 billion valuation.

Expected listing

Crusoe was founded in 2018, initially focusing on cryptocurrency mining powered by flared natural gas. Since then, the company has transitioned to building hyperscale data center campuses for clients such as Oracle and OpenAI.

Last month, Axios reported that Crusoe recently met with investment banks such as Goldman Sachs and Morgan Stanley to discuss the possibility of advancing an IPO in the near term.

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