# Crusoe

**Source:** https://geo.sig.ai/brands/crusoe  
**Vertical:** AI Infrastructure  
**Subcategory:** AI Data Centers / Clean Energy Computing  
**Tier:** Challenger  
**Website:** crusoe.ai  
**Last Updated:** 2026-04-14

## Summary

AI cloud infrastructure using clean energy. $10B valuation, ~$1B revenue in 2025. Building 1.2GW Abilene data center. Founded 2018, Denver. ~$4B total funding. Private.

## Company Overview

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.

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.

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.

## Frequently Asked Questions

### What does Crusoe do?
Vertically integrated AI cloud infrastructure — designs, builds, and operates large-scale data centers for AI workloads, originally powered by stranded natural gas.

### Where is Crusoe's main data center?
Abilene, Texas, with phase one live since September 2025 and expansion to 2.1 GW total capacity including a 900 MW Microsoft expansion.

### How much funding has Crusoe raised?
~$3.9-4.1B total, including a $1.375B Series E at $10B valuation in October 2025.

### What is Crusoe's revenue?
$276M (2024) to ~$998M (2025), projecting $2B for 2026. Cloud bookings grew 5x in first three quarters of 2025.

### Is Crusoe planning an IPO?
Not confirmed, but hiring former MongoDB CFO Michael Gordon as COO/CFO strongly signals IPO preparation.

### How does Crusoe differentiate its AI cloud from hyperscalers?
Crusoe specializes in purpose-built, large-scale AI compute clusters rather than general-purpose cloud services. Its Abilene, Texas campus is optimized for AI training and inference with direct fiber interconnects, high-density GPU configurations, and no multi-tenant resource contention — giving AI companies dedicated capacity at scale.

### What is Crusoe's sustainability story?
Crusoe was originally founded to combust stranded natural gas at oil fields that would otherwise be flared, converting waste energy into compute. It has since transitioned toward grid-connected renewable energy for its large-scale data centers, positioning itself as a lower-carbon alternative to fossil-fuel-powered hyperscaler regions.

### Who are Crusoe's key customers?
Crusoe's customers include leading AI labs, frontier model developers, and enterprises training large models. Microsoft signed a 900 MW expansion agreement at Crusoe's Abilene campus, one of the largest announced AI infrastructure commitments, signaling Crusoe's positioning as a hyperscale alternative for concentrated AI workloads.

## Tags

ai-powered, b2b, infrastructure, saas

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*