Crusoe (Organization): news timeline & CVEs

Crusoe abandons $1.25B plan to use Boom turbines at AI data centers

Crusoe dropped a $1.25 billion plan to power AI data centers with Boom turbines.

AI data-center company Crusoe has ended a launch partnership to buy $1.25 billion of Boom Supersonic’s natural-gas Superpower turbines, Boom CEO Blake Scholl said. The order covered 29 turbines of 42 megawatts each, with first deliveries planned for 2027, for sites including Crusoe’s Abilene, Texas campus that supplies compute to OpenAI. Crusoe confirmed the partnership is no longer the right fit. Boom said it still expects to deliver about 250 megawatts of Superpower turbines next year and is targeting 1 gigawatt in 2028.

TechCrunch · AISep 25, 23:11 UTC · 1d agoAI industry

Nscale’s IPO will test Wall Street’s appetite for concentrated AI bets once again

Nscale's planned NYSE IPO concentrates revenue on Microsoft and Anthropic compute contracts worth about $88 billion.

British neocloud Nscale, spun out of Arkon Energy, plans an NYSE IPO seeking about $3 billion at a reported $35 billion valuation. Its filing cites more than $103 billion of contracts, about 85% from a Microsoft compute deal worth $43.8 billion through 2033 and a $44.6 billion Anthropic agreement that is contingent on financing and milestones Anthropic can use to cancel. Revenue for the six months ended June 30 was $140.6 million, versus $10.4 million a year earlier, while net losses rose to $1.02 billion from $369 million. Nvidia agreed to $1 billion of convertible debt in a $3.1 billion financing, and Nscale operates sites in Norway, Portugal, Texas, and West Virginia.

TechCrunch · AIupdated Sep 25, 18:33 UTC · 1d agofirst Sep 22, 12:23 UTC · 4d agoAI industry 3 sources

Crusoe

Timeline2 articles

Appears with

Crusoe abandons $1.25B plan to use Boom turbines at AI data centers

Nscale’s IPO will test Wall Street’s appetite for concentrated AI bets once again