Cruse in Talks to Raise $3 Billion at $30 Billion Valuation
Crusoe is in active talks to raise about $3 billion in a new funding round, sources familiar with the matter said. The financing would value the AI data center and power infrastructure company at approximately $30 billion.
A $30 billion valuation marks a roughly threefold increase from Crusoe’s $10 billion price tag in October. The proposed round underscores how aggressively capital is flowing into the physical infrastructure needed for artificial intelligence, as operators compete to secure computing capacity and power for expanding models.
From the sources (3 posts)
@businessCrusoe in talks to raise $3 billion in round that may triple firm’s value
@techmemeSources: 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!)
@edludlowRT @RebeccaTorrenc5: SCOOP: Crusoe is in talks to raise about $3 billion. Valuation expectations are in the $30 billion range. w/ @BTLipsc…