Crusoe has reportedly secured $3 billion in new funding, bringing the data center developer's valuation to $30 billion.
Key facts
- •The new $3 billion funding round values Crusoe at $30 billion.
- •Crusoe recently signed a $13 billion, five-year cloud infrastructure contract with Jane Street.
- •The company previously raised $1.38 billion at a $10 billion valuation in October 2025.
- •Crusoe counts Meta, Microsoft, OpenAI, and Oracle among its clients.
- •The company has reportedly consulted with Goldman Sachs and Morgan Stanley about a potential IPO.
Data center developer Crusoe has raised $3 billion in a new funding round, according to a report by Bloomberg. The deal values the company at $30 billion and follows a significant contract agreement with the quantitative trading firm Jane Street.
By the numbers
Funding and Investors
The latest funding round is being co-led by Atreides Management and Valor Equity Partners. It also includes participation from Mubadala Capital, which is the asset management subsidiary of the Abu Dhabi sovereign wealth fund, Mubadala.
Business Operations and Growth
Crusoe, which was founded in 2018, originally operated as a crypto mining business using flared natural gas. The company has since transitioned into an AI infrastructure and cloud provider, developing hyperscale data center campuses for clients including Meta, Microsoft, OpenAI, and Oracle. Recently, the company signed a five-year, $13 billion contract to provide AI infrastructure and GPUs to Jane Street.
Potential Public Offering
The company is exploring a potential near-term initial public offering. According to an Axios report from last month, Crusoe has held meetings with investment banks, including Goldman Sachs and Morgan Stanley, regarding a possible IPO.
Timeline
- 2018Crusoe was launched as a crypto mining operation.
- October 2025Crusoe raised $1.38 billion at a $10 billion valuation.
- August 2026Axios reported that Crusoe met with investment bankers to discuss a potential IPO.
Advertisement
This article was independently rewritten by ManyPress editorial AI from reporting originally published by TechCrunch.
