Company Overview
About Crusoe
Crusoe is a Denver-based AI infrastructure company founded in 2018 by CEO Chase Lochmiller and Cully Cavness. Originally focused on using stranded natural gas to power computing, Crusoe evolved into a vertically integrated AI cloud platform designing, building, and operating large-scale data centers for AI workloads via Crusoe Cloud.
Business Model & Competitive Advantage
Crusoe's flagship Abilene, Texas data center went live on Oracle Cloud Infrastructure in September 2025 (200+ MW, 980K sq ft). Phase two expands to 8 buildings, 4M sq ft, and 1.2 GW. A 900 MW Microsoft expansion brings total planned capacity to 2.1 GW, supporting up to 400,000 NVIDIA GB200 units. Won "North American Data Center Project of the Year" 2025.
Competitive Landscape 2025–2026
Raised ~$3.9-4.1B total including a $1.375B Series E at $10B valuation (October 2025) co-led by Mubadala Capital and Valor Equity Partners. Revenue surged from $276M (2024) to ~$998M (2025), projecting $2B for 2026. Former MongoDB CFO hired as COO/CFO, signaling potential IPO.
Open Positions
Reddit Discussions
Key Differentiators
Strong Challenger
Crusoe is an established challenger with significant market presence and competitive offerings in AI Infrastructure.
Enterprise Scale
With $10000M in revenue, Crusoe operates at enterprise scale with proven market validation.
Frequently Asked Questions
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