Breaking

Crusoe Closes More Than $3 Billion Round at About $30 Billion Valuation

September 3, 2026 at 20:30 EDT

Funding & M&A
Infra & Chips

Crusoe has closed a funding round of more than $3 billion that values the AI data-center and cloud company at about $30 billion, roughly triple the price set in its last major equity raise.

September 3, 2026 · Crusoe

A $3B-plus check for a $30B AI factory

Crusoe closed more than $3 billion in equity at about $30 billion — roughly 3x its October 2025 Series E — as it builds gigawatt AI campuses and a GPU cloud for OpenAI, Microsoft, Meta, and Jane Street.

Valuation step-up

About 3x in under a year

$10B

Oct 2025 Series E

$30B

Sep 2026 round

Six stacked blocks versus two: the new price is about three times the prior mark.

>$3B

New equity closed

~$30B

Post-money value

4.9 GW

Capacity under contract

~$13B

Jane Street, 5-year cloud

How Crusoe sells the stack

1 · Power

Dedicated generation beside the campus

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2 · Prefab halls

Factory modules with racks, power, cooling

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3 · GPU cloud

Nvidia and AMD clusters for train and infer

Demand

Hyperscalers and Jane Street are locking multi-year GPU capacity. Contracted load is 4.9 GW, with named sites for Oracle, OpenAI, Microsoft, and Meta.

Limits

A Wyoming campus was paused after cost and timetable concerns. The 40 GW pipeline is company-stated, not independently audited, and much of it is still uncontracted.

Who wrote the check

Atreides Management and Valor Equity Partners co-led; Mubadala Capital joined a finalized round.

Co-lead

Atreides Management

Co-lead

Valor Equity Partners

Participating

Mubadala Capital

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