The verified answer
As of Oct 2026, DEPLOY verifies Crusoe: $2.5B raised. 16 sources back the record.
Funding
$2.5B
Employees
700
Overview
Crusoe started in 2018 as a stranded-energy play, running Bitcoin miners on flare gas at oil wellheads in the Bakken and Permian, then pivoted hard into AI compute as the training market took off. In early 2025 it divested the Bitcoin mining business to NYDIG and rebranded around a single thesis: an "energy-first AI factory company" that builds and operates its own campuses rather than reselling colocation. The result is a vertically integrated stack, from power procurement and site development through data center construction to a managed GPU cloud and, most recently, a serverless fine-tuning and inference layer called Crusoe Intelligence Foundry.
The company's flagship site is the Abilene, Texas campus, originally announced as the anchor build for the Oracle-led Stargate project supporting OpenAI training workloads, and now serving Microsoft AI capacity as well. Crusoe says its contracted AI infrastructure pipeline is approaching five gigawatts across sites including Abilene, a newly announced 1.0 GW campus in Childress with Lancium, and international expansion in Iceland (via atNorth), Norway (Polar) and Argentina. Announced power deals with Bergen Engines, ON.energy, Form Energy and a nuclear partnership with Aalo Atomics signal a strategy of locking in low-cost, purpose-built energy well ahead of GPU delivery.
Compared with the rest of the neocloud pack, Crusoe is distinctive on two axes: it is a builder-operator, not primarily a lessor of hyperscale colocation, and its go-to-market spans both hyperscaler-scale anchor tenants (Microsoft, and via Stargate the OpenAI workload) and a long tail of AI-native startups (Cursor, Fireworks, Together AI, Modal, Baseten, Luma, HeyGen, Figure, Cognition). That mix places it in the same conversation as CoreWeave and Lambda for training capacity, while its energy-development posture more closely resembles Crusoe's own Bitcoin-era competitors and traditional data center developers than pure GPU-cloud peers.
Reality check
Total contracted value (claimed)
$140B+ TCV across platform (company-claimed in Series F PR; unaudited)
Managed Inference contracted ARR (company-claimed Sep 2026)
Company (Crusoe, Sep 23 2026): Thinking Machines Lab deal takes Crusoe Managed Inference past $100 million in contracted ARR less than a year from launch. Company-claimed contracted ARR; not audited revenue
Verified record
- Verified deployments
- None on file
- Active incidents
- None on file
Key facts
Headquarters
Status
Type
Positioning
Contracted AI infrastructure capacity
Flagship campus
Announced expansion
GPU inventory
Silicon partnerships
Named customers
Latest funding round
Public/private status
Notable restructuring
Energy partnerships
European HQ
Product surface
Positioning axis
Power capacity (planned)
Primary accelerator
Latest valuation
ClusterMAX 3.0 Bronze (Sep 2026)
Project Llano Claude TX (Google campus, Sep 2026)
Thinking Machines Lab Managed Inference (~$65M/yr, Sep 2026)
Boom Superpower launch partnership ended (Sep 2026)
Prior Boom Superpower order (reported Sep 2026)
Crusoe developer of Google Armstrong County campus (company-stated, Sep 2026)
Data & sources
News coverage
2
Web sources
14
16 sources backing this record.View all →
Partnerships
Every company Crusoe has built with, alongside the ones only announced in a press release.
Most-frequent partners
- 1AWS1× joint976 total
- 2Google1× joint117 total
- 3Microsoft1× joint
- 4NVIDIA1× joint1112 total
- 5Thinking Machines Lab1× joint
Most recent
- with Googlejust announced
- with Thinking Machines Labjust announced
- with Microsoftoperating
Relationships
Current leadership (5)
- Cully Cavness Co-founder, President and COO, Co-Founder, President and COOreported, not verified
- Chase Lochmiller CEOsecondary-verified
- Chase Lochmiller CEOsecondary-verified
- Cullen Davis Foundersecondary-verified
- Chase Lochmiller Founder, Co-Founder and CEOsecondary-verified
Founders (2)
- Chase Lochmillerno longer at company
- Cullen Davisno longer at company
Safety record
No incidents on record for Crusoe.
Only active incidents are counted. Retracted incidents are excluded from this summary but remain reachable at their canonical URLs.
Full safety record: incidents, sourcing, and exposure data →
Crusoe on the data-center map
Every verified data center Crusoe operates that has a mapped coordinate (20 total). Filled circles are Tier-2 facilities and Tier-1 campuses under this operator; click any pin to open its record.
Crusoe data centers (20)
- Crusoe Abilene Microsoft AI Factory CampusAbilene · under construction
- Crusoe Childress CampusChildress · announced
- Crusoe Tulsa AI FactoryTulsa, Oklahoma, USA (first full-scale US metro operation) · energized
- Project Jade (Crusoe / Tallgrass) AI Data Center CampusCheyenne · permitted
- Project LlanoArmstrong · under construction
- Stargate AbileneAbilene · partially energized
- Crusoe Abilene II AI Factory Campus (Microsoft)Abilene · under construction
- Crusoe Callaway County Campus (Kingdom City)Kingdom City · planned
- Crusoe Cheyenne ("Jade") CampusCheyenne · planned
- Crusoe Childress AI Data Center CampusChildress · planned
- Crusoe Goodnight CampusGoodnight · planned
- Crusoe Goodnight CampusGoodnight · under construction
- Crusoe Nolan County Data Center CampusSweetwater · planned
- Crusoe Warrenton CampusWarrenton · under construction
- Project JadeCheyenne · under construction
- Crusoe Abilene (Lancium Clean Campus)Abilene · 1200 MW
- Crusoe Childress CampusChildress · 1000 MW
- Crusoe Abilene Second CampusAbilene · 900 MW
AI data centers Crusoe operates or is a party to, from the DEPLOY data center registry.
Recent coverage
Crusoe in third-party press
Financial state
- Total funding
- $2.5B
- Employees
- 700as of 2025-01-01(approximate; Crusoe has not published a headcount, prior press coverage placed it in the 500-800 range through 2024-2025)
- Reporting basis
- aggregator_estimate
- Lifecycle stage
- early
- Counterparty risk class
- unknown
Each numeric field carries its own basis marker. Aggregators report a number; this surface preserves the source class so verification depth travels with the value.
Partnerships
5 total · 3 operating · 2 just announced
Every company Crusoe has built with, alongside the ones only announced in a press release.
Most recent
- with Googlejust announced
- with Thinking Machines Labjust announced
- with Microsoftoperating
Most-frequent partners
- 1AWS1× joint976 total
- 2Google1× joint117 total
- 3Microsoft1× joint
- 4NVIDIA1× joint1112 total
- 5Thinking Machines Lab1× joint
All 5 partnerships
open in the atlas →- crusoe-energy x awswithAWS976technology—operating
- crusoe-energy x nvidiawithNVIDIA1112technology—operating
- deployment2026-09-28just announced
- technology2026-09-23just announced
- Crusoe Energy x Microsoft (Abilene AI Factory)withMicrosoftdeployment2026-03-27operating
Recent activity
Every change to this record is dated, sourced, and independently verified where marked.
- Record createdAug 19, 2026
Added to the verified registry
Sources (16)
- https://crusoe.ai
- https://crusoe.ai/newsroom
- https://www.crusoe.ai/resources/newsroom/crusoes-contracted-ai-infrastructure-capacity-approaches-5-gigawatts-across-data-centers-and-cloud · 2026-06-09
- https://www.globenewswire.com/news-release/2026/09/17/3364326/0/en/crusoe-raises-3-9-billion-series-f-for-its-vertically-integrated-ai-infrastructure-platform.html
- https://www.reuters.com/business/ai-infrastructure-provider-crusoe-valued-309-billion-latest-funding-round-2026-09-17/
- https://newsletter.semianalysis.com/p/clustermax-30-the-industry-standard · 2026-09-23
- https://x.com/SemiAnalysis_/status/2102871810123383166 · 2026-09-23
- https://www.newschannel10.com/2026/09/23/construction-underway-six-building-claude-data-center/ · 2026-09-23
- https://www.datacenterdynamics.com/en/news/crusoe-files-for-two-more-data-centers-at-goodnight-campus-in-armstrong-county-texas/ · 2026-07-30
- https://x.com/drmikemyers/status/2102925201029681212 · 2026-09-23
- https://www.crusoe.ai/resources/newsroom/crusoe-thinking-machines-lab-inference-partnership · 2026-09-23
- https://www.globenewswire.com/news-release/2026/09/23/3367648/0/en/crusoe-and-thinking-machines-lab-partner-to-power-open-model-inference-at-scale.html · 2026-09-23
- https://techcrunch.com/2026/09/25/crusoe-abandons-1-25b-plan-to-use-boom-turbines-at-ai-data-centers/ · 2026-09-25
- https://x.com/bscholl/status/2103614826862010443 · 2026-09-25
- https://www.crusoe.ai/resources/newsroom/crusoe-developing-data-center-campus-in-armstrong-county-texas · 2026-09-28
- https://www.datacenterdynamics.com/en/news/google-named-as-customer-for-crusoes-data-center-campus-in-amarillo-texas/ · 2026-09-29
Common questions
What is Crusoe?
What does Crusoe make?
Is Crusoe publicly traded?
Who is the CEO of Crusoe?
How can I invest in Crusoe?
Where is Crusoe headquartered?
How much funding has Crusoe raised?
Who owns Crusoe?
Is Crusoe a top robotics company?
Is Crusoe safe?
Methodology: Verified · 16 sources (no primary) · last reviewed 2026-10-01
Verification posture
Verified
Medium confidence
Review state
Stable
Last reviewed 2026-10-01
Sources by quality tier
- 14
- unclassified
- Unclassified source
- 1
- secondary-established-publication
- Established publication
- 1
- secondary-industry-publication
- Industry publication
The framework is documented at /methodology. Corrections at /corrections. Reviewer: DEPLOY editorial team.
Methodology surface for Crusoe.In the press
Recent coverage mentioning Crusoe from third-party publications. Automatically surfaced; not part of the verified registry record.
Crusoe Ends $1.25B Turbine Deal With Boom Supersonic for AI Data Centers
Denver-based AI data center builder Crusoe has ended its plan to use stationary power plants from fellow Denver company Boom Supersonic, scrapping a $1.25 billion agreement for 29…
Crusoe abandons $1.25B plan to use Boom turbines at AI data centers
Boom Supersonic CEO Blake Scholl said the company's new stationary power plants were no longer in Crusoe's near-term plans.
Crusoe Raises $3.9 Billion as OpenAI’s Stargate Partner Hits a $30.9 Billion Valuation
Crusoe, the U.S. data center developer, has just announced a $3.9 billion Series F funding round that lifts its post-money valuation to $30.9 billion. The oversubscribed round was…
Crusoe: KI-Rechenzentrumsbetreiber steigt auf 31 Milliarden Dollar Bewertung
Der US-Rechenzentrumsbetreiber Crusoe hat soeben eine Series-F-Finanzierungsrunde über 3,9 Milliarden US-Dollar bekanntgegeben. Die Bewertung steigt damit auf 30,9 Milliarden…
AI data center builder Crusoe valued at $30.9B in $3.9B round
Crusoe Inc. today announced that it has closed a $3.9 billion late-stage funding round at a $30.9 billion valuation. The Series F deal was led by Atreides Management, Mubadala…
Crusoe raises $3.9B to build massive data centers and small modular ‘AI factories’
The round values the data center giant at $30.9 billion.
Crusoe raises $3.9 billion at $30.9 billion valuation as AI infrastructure demand surges
Crusoe has raised $3.9 billion in fresh funding at a $30.9 billion post-money valuation, marking a dramatic leap for the AI infrastructure company as investors pour enormous sums…
Crusoe raises $3.9bn and starts trucking data centres to spare power
“Getting there means controlling the infrastructure from electrons to tokens,” said Chase Lochmiller, co-founder and chief executive of Crusoe. He was describing what he called an…
Two Low-Profile AI Data-Center Innovators That Investors Should Watch
Never heard of Crusoe or Joulent? Tech and oil giants rely on hordes of small private firms for massive AI buildout. The post Two Low-Profile AI Data-Center Innovators That…
The Weekly Notable Startup Funding Report: 9/8/26
The notable startup funding rounds for the week ending 9/5/26 featuring funding details for Lyte AI, Crusoe, SciFin, and twenty-one other deals representing $4.6B in new funding…
The Weekly Notable Startup Funding Report: 9/8/26
The notable startup funding rounds for the week ending 9/5/26 featuring funding details for Lyte AI, Crusoe, SciFin, and twenty-one other deals representing $4.6B in new funding…
The Week’s 10 Biggest Funding Rounds: Crusoe And Fluidstack Lead Multibillion-Dollar AI Infrastructure Haul
AI infrastructure dominated the largest venture rounds this week, with two multibillion-dollar deals in the sector taking the top spots. Data center and cloud provider Crusoe led…
Machine-readable surfaces
- Markdown mirror: /companies/crusoe.md
- RSS feed: /companies/crusoe/feed.xml
- JSON-LD: embedded in this page’s head
- REST API: /v1/companies/f9f75eb1-d7f4-44e5-9ecb-e6c69bd327b1
- Revision history: /companies/crusoe/history
- Data documentation: /data
- Query this programmatically: Deploy MCP
Heat Index
Serious50/100
A composite of competitive footprint, funding, press velocity, active partnerships, and supply-chain edges. Different from the Intelligence score below (which is per-form-factor productization). Non-robotics companies cap at 25.
Reality vs attention
Not enough verified signal yet to place Crusoe against peers. Reality and attention percentiles publish once the underlying record clears its data floor.
6-month trend
Analysis
Limited public funding data for capital position assessment.
Signal flags
Dimension breakdown
Verified signal
Attention (reach, not merit)
DEPLOY Intelligence scores are computed from verified registry data: confirmed deployments, disclosed funding rounds, regulatory filings, active job listings, video viewership, and press coverage. Confidence ratings reflect data availability. Scores update nightly.
DEPLOY Indices — verified vs claimed
Last computed: Oct 2, 2026
Appears in DEPLOY reports