AI Data Center Developer Crusoe Raises $3 Billion at $30 Billion Valuation

Crusoe, an AI data center developer, has secured $3 billion in funding, reaching a valuation of $30 billion. The round was co-led by Atreides Management and Valor Equity Partners, with participation from Mubadala Capital. Crusoe, which transitioned from Bitcoin mining to AI infrastructure, recently signed a $13 billion, five-year GPU and cloud infrastructure contract with Jane Street. The company is reportedly discussing a potential IPO with investment banks including Goldman Sachs and Morgan Stanley.