⚡Funding Brief⚡ Crusoe announced the initial closing of an anticipated $3.9 billion Series F at a $30.9 billion post-money valuation on September 17. ‘Initial closing’ means this announcement does not necessarily represent the final close of the full anticipated round. The oversubscribed financing was co-led by Atreides Management, Mubadala Capital, and Valor Equity Partners. Crusoe also named Founders Fund, GIC, NVIDIA, Qatar Investment Authority, Radical Ventures, and TPG among the significant new and existing backers. Crusoe said the capital will scale existing programs and support its AI factories, spanning large vertically integrated campuses and modular Crusoe Spark units. The company also plans to use the proceeds to expand Crusoe Cloud, its AI cloud platform. The company reported more than $140 billion in total contracted value, over 6 gigawatts of contracted capacity, and 1 gigawatt already operational. The financing therefore targets expansion across power, data-center infrastructure, and cloud services rather than a single facility. Source: Crusoe / Reuters, 2026-09-17