Crusoe Secures $1.4B Funding, Surpassing $10B Valuation in AI Data Centre Push

Editorial Team

Last updated 27-10-2025

2 min

Crusoe raised $1.

4 billion in a funding round, led by Mubadala Capital and Valor Equity.

The company's valuation has soared beyond $10 billion, tripling in just a year.

Crusoe is collaborating with OpenAI on a large-scale data centre in Texas.

Using flared natural gas for cloud computing exemplifies a pioneering environmental approach.

Crusoe's rapid growth highlights the evolving landscape in powering AI globally.

Crusoe, the US-based firm known for its work in building advanced, AI-driven data centres, has just closed a massive $1.4 billion investment round. The deal was led by Mubadala Capital and Valor Equity Partners, with heavyweight support from NVIDIA, Tiger Global’s IICC VC, and Altimeter Capital, among others. Not bad company to keep, eh?

This fresh injection of capital has propelled Crusoe’s valuation beyond the $10 billion mark—more than triple what it was just a year ago. For a startup founded in 2018, that’s quite the rocket ride. The company has now raised a total of about $3.9 billion to date, which clearly signals investor confidence in its mission to tackle the computing bottlenecks of modern AI.

One of Crusoe’s headline projects right now is its collaboration with OpenAI, as it helps construct the tech giant’s first large-scale data centre in Abilene, Texas. Expected to be completed by mid‑2026, the site will form the backbone for high-intensity AI applications. Crusoe’s CEO, Chase Lochmiller, has also shared plans to ramp up the company’s global computing capacity to an eye‑watering 45 gigawatts—a figure that would have seemed far‑fetched not long ago.

When I first heard about Crusoe’s strategy—using captured energy resources like flared natural gas to power cloud computing—it struck me as one of those ideas that’s both mad and brilliant. On the flip side, scaling to 45 GW is going to be a bit of a faff; the logistics and infrastructure hurdles won’t exactly be small potatoes. Still, I reckon their model might become a benchmark for green‑minded data infrastructure around the world.

Here at Arageek, we’ve always been a bit chuffed to bits by startups that blend sustainability with serious tech innovation. Crusoe’s journey—from a 2018 upstart to a decacorn valued north of $10 billion—shows how quickly the game is changing in the global race to power artificial intelligence. And believe it or not, this might just be the warm‑up act.

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