Crusoe just raised $4B at a $30B valuation It has 1 GW operational, $140B of contracted backlog, and 6 GW of contracted capacity They do mostly colocation today, but now they want to go vertical There may be a company with very similar potential at half the price Just saying

CRUSOE SIGNS MULTIYEAR AI CLOUD DEAL WITH PERPLEXITY Crusoe has signed a multiyear cloud agreement with Perplexity AI, expanding its push to compete with neocloud providers like CoreWeave $CRWV & Nebius $NBIS. Perplexity will use $NVDA GPUs from Crusoe to train and run AI models, including access to GB300 systems, while Crusoe will manage the infrastructure over its lifecycle. Financial terms were not disclosed. As part of the deal, Crusoe will also provide Perplexity Enterprise Max to more than 1,800 employees. The agreement comes shortly after Crusoe signed a roughly $13B AI cloud deal with Jane Street. Crusoe says it also has access to NVIDIA’s upcoming Vera Rubin processors. Source: Bloomberg

Crusoe remains a strong and reliable partner to Oracle. We are very proud of the progress we’ve made together to bring capacity online in Abilene at a rapid pace. We regularly assess new sites, with Crusoe and our other partners, to find opportunities that meet future demand.

NEWS: Crusoe financing puts a $30.9B value on AI infrastructure A $30.9B valuation. An expected $3.9B funding round. Crusoe announced the first close Sept. 17 to expand its AI infrastructure, including data centers and cloud services. The AI buildout is a capital-intensive race across power, computing and software.

Sources: Crusoe is in active talks to raise ~$3B in a funding round expected to value the company in the ~$30B range, up from a ~$10B valuation in October (Bloomberg) (Visit Techmeme dot com for the link and full context!)