Sources with knowledge of the matter indicate that artificial intelligence data center startup Crusoe is in discussions for a new funding round, with a potential size of approximately $30 billion, which could triple the company's valuation.
Crusoe has secured contracts with companies including Meta and Oracle to supply them with artificial intelligence computing capacity.
According to the sources, the startup is still actively negotiating the terms of this funding round, and a final valuation has not yet been set. Investors anticipate the post-money valuation could reach around $300 billion.
Last year, Crusoe raised $13.8 billion in a Series E funding round, achieving a valuation exceeding $100 billion. That round was co-led by technology investment firms Valor Equity Partners and Mubadala Capital.
Crusoe was founded in 2018, initially as a cryptocurrency company. It has since pivoted to become an infrastructure builder for artificial intelligence, positioning itself within the emerging "new cloud" sector that provides specialized AI cloud and data center services.
In June, Crusoe stated it had contracts for 4.9 gigawatts of computing capacity, with a total project pipeline exceeding 40 gigawatts.
A report last month indicated that Meta had signed a contract with Crusoe to purchase computing capacity from two data centers located in Childress, Texas, and Warrenton, Missouri.
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