Crusoe in Talks to Raise $3 Billion in Round That May Triple Firm's Value

What happened

Bloomberg reported on July 2, 2026 that Crusoe — an AI data center operator — is in talks to raise approximately $3 billion in a new funding round that may triple its valuation to $30 billion. A final valuation has not been set; talks are still ongoing.

Context and impact

Crusoe holds contracts to supply AI computing power to Meta and Oracle, and as of June 2026 has contracted 4.9 gigawatts of compute capacity with more than 40 GW in its total project pipeline. The valuation growth from $10B (October 2024) to a potential $30B reflects the intensity of the AI infrastructure arms race. Crusoe is one of the key independent AI compute infrastructure players outside the big three cloud providers.

Details

• Planned round: ~$3 billion
• Expected post-money valuation: ~$30 billion (from $10B in Oct. 2024)
• Customers: Meta, Oracle
• Signed contracts: 4.9 GW of compute capacity
• Pipeline: >40 GW of projects
• Talks ongoing, valuation not yet finalized