U.S.-based AI data center startup Crusoe has raised $1.38 billion in a new funding round, propelling its valuation to nearly $10 billion. The Series E round, co-led by Valor Equity Partners and Mubadala Capital, also saw participation from Nvidia, Fidelity Management, and Founders Fund, underscoring investors’ growing appetite for AI infrastructure ventures.
Crusoe’s latest fundraise, announced on October 24, 2025, comes as demand for sustainable, high-performance computing soars amid the global AI boom. The Denver-based company has now raised $3.9 billion since its founding in 2018, positioning itself as one of the most well-funded players in the AI infrastructure race.
Expanding Gigawatt-Scale Data Centers
The company said the new capital will accelerate expansion of its 1.2-gigawatt Abilene data center campus in Texas, which went live this year just 12 months after construction began. Once fully operational, the facility will rank among the world’s largest AI data centers, offering scalable compute capacity to serve hyperscalers, AI labs, and cloud platforms.
Crusoe’s infrastructure, originally built to harness stranded and flared natural gas for sustainable computing, now integrates renewable and grid-based power sources to support large-scale AI workloads. The company is also investing heavily in liquid cooling systems and modular GPU clusters to meet growing performance and energy-efficiency demands.
Bridging AI Demand and Energy Responsibility
The firm’s focus on energy-efficient infrastructure has drawn attention from both climate-conscious investors and major AI companies looking to reduce their carbon footprint. Crusoe was previously involved in building OpenAI’s first major U.S. data center, and it continues to collaborate with technology partners to deliver cleaner compute capacity for advanced AI models.
By combining high-density data center design with environmental responsibility, Crusoe is addressing one of the AI industry’s toughest challenges—balancing compute growth with sustainability.
Positioning for Global Expansion
The company plans to use proceeds from the Series E round to expand its international footprint, targeting new data center campuses in Europe, the Middle East, and Asia-Pacific. Its long-term goal is to reach over 3 GW of total installed capacity by 2030, catering to AI workloads across enterprise, defense, and scientific research domains.
Industry analysts see Crusoe’s latest funding as part of a wider investor pivot toward “AI infrastructure assets”—data centers, chips, and power systems—viewed as the backbone of the next digital economy.
