Crusoe

Filings with the Texas Department of Licensing and Regulation, reported Oct. 2, 2026, show Crusoe planning two data center buildings of 759,260 sq ft each in Jayton, Kent County, with total investment estimated at $4.8 billion. Construction is scheduled to begin in January 2027, with operations expected in May and July 2029, and the buildings are listed as spur buildings of Crusoe's Project Hyper in Childress. It is a multibillion-dollar capacity commitment that extends Crusoe's AI cloud build-out in West Texas.

Source: Data Center Dynamics

On 2026-09-25 Boom Supersonic CEO Blake Scholl said in a post on X that Crusoe is no longer proceeding with its agreement to buy 29 of Boom's 42MW Superpower natural-gas turbines for about $1.25B, with deliveries that had been due to start in 2027. Crusoe had been the launch customer for the stationary-power line, which shares about 80% of parts with Boom's Symphony engine. Losing the launch order removes the largest disclosed commitment behind Boom's diversification into AI data-center power.

Source: TechCrunch

The AI industry is growing faster than ever, and its future has never looked less certain. No company embodies that contradiction better than Crusoe. The data center builder and cloud provider just raised $3.9 billion at a $30.9 billion valuation, led by Atreides Management, Valor Equity Partners, and Mubadala. And financials obtained by Newcomer show it’s on track for $2 billion in revenue this year.

Source: Newcomer

Crusoe and Thinking Machines Lab announced a $65 million annual agreement on 2026-09-23 under which the lab will run production inference for its open models — its Inkling models plus GLM 5.2 and 5.3 — on a dedicated Crusoe Managed Inference deployment of NVIDIA HGX B200 systems. Crusoe said the customer takes Crusoe Managed Inference past $100 million in contracted ARR less than a year after launch, and the two are exploring batch inference for synthetic data generation. Coming six days after its $3.9B Series F at $30.9B, it is Crusoe's first named large inference contract and evidence of revenue beyond data-centre build-outs.

Source: Crusoe

Crusoe announced on 2026-09-17 the initial closing of an oversubscribed $3.9B Series F at a $30.9B post-money valuation, co-led by Atreides Management, Mubadala Capital and Valor Equity Partners, with Founders Fund, GIC, Nvidia, the Qatar Investment Authority, Radical Ventures and TPG among roughly 29 further investors. Alongside the round the company disclosed more than $140B in total contracted value, more than 6GW of gross contracted capacity of which 1GW is operational, and cloud bookings up more than 20x year over year. The round is a fresh primary mark that resets Crusoe's secondary-market reference price and funds its AI factory buildout.

Source: Crusoe

Crusoe announced on Sept. 15, 2026 a multi-year partnership under which Perplexity will run its full model lifecycle on Crusoe Cloud — training frontier models on dedicated NVIDIA GB300 NVL72 clusters with NVIDIA InfiniBand and serving them in production through Crusoe's Managed Inference service. In return Crusoe will deploy Perplexity Enterprise Pro and Max to its 1,800 employees; no contract value or capacity figure was disclosed. A named multi-year anchor customer strengthens forward revenue visibility for Crusoe's GPU cloud as it scales its vertically integrated build-out.

Source: Crusoe

Crusoe is discussing a potential initial public offering with JPMorgan, Goldman Sachs, Morgan Stanley and Bank of America, Axios Pro reported Monday. The talks come as the data-center developer and power supplier expands its AI infrastructure portfolio.

Source: Axios Pro

Heron Power, a transformer manufacturer backed by Crusoe, has selected Morgan Hill, California as the site of its first large-scale factory, expanding the supply chain for AI data center infrastructure.

Source: Data Center Dynamics