According to Reuters, Crusoe Energy Systems is negotiating a $3 billion funding round, with a potential valuation of $30 billion. Founded in 2018, Crusoe Energy Systems currently provides computing power for generative AI and has signed power supply agreements with companies such as Meta and Oracle. Last year, Crusoe Energy Systems completed a $13.8 billion funding round, achieving a valuation exceeding $100 billion. The current transaction is still ongoing.
Crusoe Energy Systems Aims for $3 Billion in Funding, Valuation Reaches $30 Billion
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Summary
Crusoe Energy Systems is in discussions for a $3 billion funding round, signaling significant project financing news in the AI and crypto sector. Founded in 2018, the company provides computing power for generative AI and has partnered with Meta and Oracle. It previously raised $13.8 billion last year, achieving a valuation exceeding $10 billion. The latest funding could elevate its valuation to $30 billion. The deal is still underway.
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