Crusoe

Crusoe is a US AI-infrastructure company that builds and operates AI-optimized data centers and a GPU cloud, vertically integrated all the way down to power. Founded in 2018 in Denver, Colorado by Chase Lochmiller (CEO) and Cully Cavness (COO), Crusoe began by capturing wasted flare gas at remote oil wells to run mobile data centers, then pivoted to become one of the largest AI-native data-center developers in the United States.

Its flagship product, Crusoe Cloud, is a managed GPU cloud offering NVIDIA accelerators for AI training and inference, billed on demand or via reserved capacity. Crusoe describes itself as an "energy-first AI factory company," owning the full stack from power procurement and substation buildout through data-center construction to the cloud platform that runs on top.

Crusoe is the lead developer behind the Stargate campus in Abilene, Texas — a 1.2-gigawatt AI data center built for OpenAI alongside Oracle and SoftBank, one of the most powerful AI facilities in the world. The company supplies compute capacity to customers including OpenAI, Oracle, Meta, and Microsoft, and says its total development pipeline exceeds 40 gigawatts. Backed by Founders Fund, NVIDIA, and others, Crusoe has raised billions in equity and project financing; in September 2026 it confirmed a 3.9 billion dollar Series F at a valuation of about 31 billion dollars — roughly triple the 10 billion dollars it carried in October 2025 — co-led by Atreides Management, Mubadala Capital and Valor Equity Partners, with Nvidia, GIC, the Qatar Investment Authority and TPG among the participants. Part of the money goes to Spark, modular AI data centers that Crusoe builds in its own factories and moves by truck, so capacity can be added near a power source without a large construction crew, which also sidesteps some of the local opposition that large campuses draw. Bloomberg has reported a five-year, 13 billion dollar GPU contract with the trading firm Jane Street, and Axios reported that Crusoe has met investment bankers about a public listing.