28 Sep 2026
Crusoe canceled a $1.25 billion turbine agreement with Boom Supersonic, prioritizing alternative power solutions for its artificial intelligence data centers.
Crusoe
AKA crusoe energy
Crusoe is rapidly scaling its AI data center infrastructure, recently securing $3.9 billion in new funding and achieving a $30.9 billion valuation. This capital fuels the company's expansion of substantial data center capacity across North America. Crusoe's strategy prioritizes immediate, multi-gigawatt terrestrial power solutions, leveraging natural gas generation to meet urgent, large-scale energy demands for AI compute. The company has already delivered one gigawatt and holds contracts for six.
The company's approach combines pragmatic, immediate power solutions with forward-looking energy innovations. Crusoe is actively exploring advanced strategies, including a partnership to deploy a nuclear-powered AI data center utilizing small modular reactor technology. This diversification signals a commitment to addressing long-term energy needs beyond conventional generation, enhancing its capacity to power the growing AI compute sector.
Crusoe's dual focus on scalable on-site power generation and future energy technologies addresses critical industry challenges like power reliability and cooling bottlenecks. By providing direct, scalable energy solutions, the company is positioning itself as a key enabler of AI compute infrastructure. This adaptability allows Crusoe to meet current market demands while exploring transformative solutions and novel development models for large-scale integration.
Last updated September 27, 2026
Coverage
21 Sep 2026
Crusoe announced a $3.9 billion Series F funding round led by Atreides, Mubadala Capital, and Valor at a $30.9 billion valuation, supporting AI infrastructure buildout.
18 Sep 2026
Crusoe secured $3.9 billion for expanding its AI data center infrastructure, with Nvidia participating as a new investor in the funding round.
3 Aug 2026
Emerging models for large-scale data center development are integrating compute, power, and financing, illustrated by Hut 8's NVIDIA lease and the Aalo-Crusoe nuclear partnership.
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30 Jul 2026
Crusoe is partnering with Aalo to deploy a nuclear-powered artificial intelligence data center at Idaho National Laboratory, utilizing a small modular reactor for energy.
27 Jul 2026
Grid faults in Virginia underscore AI power risks, but Crusoe and ON.energy are developing solutions, planning to deploy five gigawatts of facility-level uninterruptible power supplies.
18 Jul 2026
Lancium is announcing mega-campuses with QTS and Crusoe, while Csquare successfully raised capital through an initial public offering on the NYSE, signaling significant investment in the sector.
15 Jul 2026
Crusoe is establishing a 1.4 GW data center campus in Childress, Texas, through a renewed partnership with Lancium.
22 Jun 2026
Meta has contracted 1.6 gigawatts of AI compute capacity from Crusoe across two sites, adding to Crusoe's significant contracted book and aligning with Meta's substantial infrastructure investment goals.
27 Mar 2026
Crusoe is expanding its 900-megawatt data center campus in Abilene, Texas, to support Microsoft's artificial intelligence ambitions, with the new campus including on-site power generation.
27 Mar 2026
Crusoe is expanding its Abilene AI campus with a new 900 MW 'AI Factory' for Microsoft, emphasizing an energy-first design and on-site power generation to address the evolving economics of hyperscale AI infrastructure.
24 Mar 2026
Akash Systems, in collaboration with AMD and Nvidia, is pioneering diamond-based cooling solutions to address the thermal challenges hindering the scalability of artificial intelligence in data centers.
24 Mar 2026
Vertiv is enhancing its thermal management offerings for AI infrastructure through the acquisition of ThermoKey, aiming to address critical cooling bottlenecks and strengthen its position in the AI hardware market.
6 Mar 2026
Oracle and OpenAI have halted expansion plans for their Abilene Stargate facility, while Meta is reportedly negotiating with Crusoe for that acquired capacity, aided by Nvidia, due to financing issues and scope changes.
2 Mar 2026
Boom Supersonic has selected Baker Hughes to supply natural gas generators intended to support the 1.21 gigawatt power requirements for a Crusoe data center deal through 2028.
12 Jan 2026
Global portfolio-scale artificial intelligence infrastructure deployment is currently being propelled by Meta's focus on nuclear energy solutions, KKR's two-billion-dollar platform investment, and the launch of a 480-megawatt facility in Saudi Arabia, all driven by power, capital, and policy considerations.
8 Jan 2026
Capital flows, energy limitations, and fundamental structural changes are redefining the scale of artificial intelligence and data center infrastructure across North America, currently estimated at a six hundred billion dollar corridor buildout.
26 Nov 2025
Crusoe and Starcloud are pioneering a novel compute geography by utilizing uninterrupted orbital solar power to overcome traditional terrestrial limitations related to land acquisition, permitting, and utility access.