The Denver-based firm made US$250 million in revenue in 2024, and is projecting US$500 million and US$2.2 billion in 2025 and 2026, respectively, sources told The Information. Crusoe is trying to raise a mixture of equity and debt financing, sources told Bloomberg. The company declined to comment to The Logic. (The Information, Bloomberg, The Logic)
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The Denver-based firm made US$250 million in revenue in 2024, and is projecting US$500 million and US$2.2 billion in 2025 and 2026, respectively, sources told The Information. Crusoe is trying to raise a mixture of equity and debt financing, sources told Bloomberg. The company declined to comment to The Logic. (The Information, Bloomberg, The Logic)
Talking point: Founded in 2018, Crusoe builds data centres that it rents to cloud service providers and AI developers. Oracle is leasing its flagship facility in Abilene, Texas as part of OpenAI’s US$500-billion Stargate Project. Crusoe last raised equity financing in December, closing US$600 million at a US$2.8 billion valuation. In June, Canadian Brookfield Asset Management agreed to lend the firm up to US$750 million. The new funding would help Crusoe pay for more projects. It has proposed three data centres in Alberta worth a combined US$3-billion, drawing energy from Kalina Distributed Power.
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