Crusoe, an AI infrastructure company that pivoted from Bitcoin mining to data center operations, is reportedly in talks to raise $3 billion in a new funding round that would triple its valuation to approximately $30 billion. The company's last confirmed raise was a $1.38 billion Series E in October at a valuation above $10 billion. Crusoe counts Meta and Oracle among its customers, with Meta committing to roughly 1.6 gigawatts of capacity. The company claims 4.9 gigawatts under contract and a pipeline exceeding 40 gigawatts. The potential raise reflects a broader financing boom for AI data center operators, with rivals like FluidStack and CoreWeave also attracting massive investment. A successful close could reduce pressure for a near-term IPO.
