Crusoe reportedly raises $3B at a $30B valuation
AI data center developer Crusoe raised $3 billion at a $30 billion valuation, plus a $13 billion five-year GPU contract with Jane Street.
Crusoe, which builds hyperscale data centers for customers including Meta, Microsoft, OpenAI, and Oracle, raised a $3 billion round at a $30 billion valuation, Bloomberg reported. The round was co-led by Atreides Management and Valor Equity Partners with participation from Mubadala Capital. It comes 10 months after a $1.38 billion raise at a $10 billion valuation and follows a $13 billion, five-year cloud contract supplying GPUs and AI infrastructure to trading firm Jane Street. The company has met with Goldman Sachs and Morgan Stanley about a potential near-term IPO.
- Crusoe raised $3 billion at a $30 billion valuation co-led by Atreides Management and Valor Equity Partners.
- Signed a $13 billion five-year contract supplying GPUs and AI infrastructure to Jane Street.
- Considering a near-term IPO after meetings with Goldman Sachs and Morgan Stanley.
- Started in 2018 as crypto mining on flared natural gas, now building data centers for OpenAI and Oracle.
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In Brief
Posted:
5:48 PM PDT · September 3, 2026
Data center developer Crusoe, which counts Meta, Microsoft, and OpenAI as its customers, has raised a new $3 billion round at a $30 billion valuation, Bloomberg reported.
The deal is being co-led by Atreides Management and Valor Equity Partners, and includes participation from Mubadala Capital, the asset management subsidiary of Abu Dhabi’s sovereign wealth fund Mubadala.
The company recently signed a massive $13 billion, five-year cloud contract to supply quantitative trading firm Jane Street with GPUs and AI infrastructure, Bloomberg reported.
The fresh fundraise comes 10 months after Crusoe raised a $1.38 billion round at a $10 billion valuation last October.
Launched in 2018 as a crypto mining operation powered by flared natural gas, Crusoe has since pivoted into a major AI infrastructure and cloud provider that is best known for developing hyperscale data center campuses for clients like Oracle and OpenAI.
The company recently met with investment bankers, including Goldman Sachs and Morgan Stanley, to discuss a potential near-term IPO, Axios reported last month.
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