Crusoe reportedly raises $3B at a $30B valuation

Data center developer Crusoe, which serves clients like Meta, Microsoft, and OpenAI, has raised a new $3 billion funding round at a $30 billion valuation, according to a Bloomberg report. The deal is co-led by Atreides Management and Valor Equity Partners, with participation from Abu Dhabi's sovereign wealth fund subsidiary Mubadala Capital. This funding follows a $13 billion, five-year cloud contract Crusoe recently signed with quantitative trading firm Jane Street for GPU and AI infrastructure. The company, which started as a crypto mining operation in 2018, has pivoted into a major AI infrastructure and cloud provider. It recently held discussions with investment banks like Goldman Sachs and Morgan Stanley regarding a potential near-term IPO.

(Source：TechCrunch)