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Crusoe—

Crusoe

AI data centers, Crusoe Cloud, Abilene

US$30B privateest. 2018crusoe.ai (opens crusoe.ai)Checked 25 Sep

The brief

Analyst view
  • Raised over $3B at about a $30B valuation in September 2026.
  • Built the 1.2 GW Abilene campus with Lancium for Oracle and OpenAI.
  • Sold its bitcoin-mining business to NYDIG in 2025 to focus on AI.
Programs

Crusoe, one program

Updated 23 Sep 2025
Abilene AI campusAn AI data-center campus in Abilene, Texas: about 1.2 GW in 8 liquid-cooled buildings, leased to Oracle for OpenAI's Stargate.DeployNextFull campus complete · 2026Updated 23 Sep 2025View program →
Research · Proto · Pilot · Deploy · Scaling

Peers

Data centers & cloud · 1

Company & funding

3 rounds · as reported
Valuation
$30Bprivate
Raised
$5Bdisclosed private rounds
Last round
Venture roundSep 2026
HQ
US
Founded
2018
$1B$10B$100B2024202520262027$2.8B$10B$30B

Post-money valuation, log scale

DateRoundAmountPost-moneyLead
Sep 2026Venture round$3B$30B—
Q4 2025Series E$1.4B$10BMubadala Capital, Valor Equity Partners
Dec 2024Series D$600M$2.8BFounders Fund

Partners & customers

2 customers · 1 partner
  • Customer
    Oracle

    Tenant of the Abilene campus for OpenAI.

  • Partner
    Lancium

    Co-developer of the Abilene site.

  • Customer
    OpenAI

    End user of Abilene Stargate capacity.

People

Key people
  • Chase LochmillerCo-founder and CEO
  • Cully CavnessCo-founder and President
Primer