Crusoe Raises $3.9 Billion for AI Infrastructure Expansion

Data center operator Crusoe has secured $3.9 billion in a Series F funding round, valuing the company at $30.9 billion. The round was led by Atreides Management, Mubadala Capital, and Valor Equity Partners, with participation from Nvidia (NVDA), Founders Fund, GIC, and the Qatar Investment Authority. The capital will support the construction of large-scale AI campuses and modular Crusoe Spark data centers, with over 6 GW of capacity currently under contract.