Crusoe
Crusoe is an AI / GPU Cloud company founded in 2018 and based in Denver, United States. It has raised $2.5B in total funding, most recently a Series E in 2025 at a $10B valuation.
Crusoe, founded in 2018 and headquartered in Denver, runs a vertically integrated AI cloud that co-locates GPU data centers with low-cost or stranded energy, having pivoted from Bitcoin mining to AI compute infrastructure. Its GPU cloud offers NVIDIA H100, H200, GB200, and B200 instances and AMD accelerators on dedicated and on-demand plans. Crusoe is the developer of the flagship Abilene, Texas campus for the Stargate program with OpenAI, Oracle, and SoftBank; the first phase went live in September 2025 on Oracle Cloud Infrastructure, with full buildout to roughly 1.2 GW targeted for late 2026. In October 2025 Crusoe raised a $1.375 billion Series E at a $10 billion valuation led by Valor Equity Partners and Mubadala Capital. In March 2026 it announced a 900MW AI-factory campus in Abilene for Microsoft, bringing its broader Abilene footprint to roughly 2.1GW.
It is the rare AI cloud that owns the energy-to-GPU stack, building the Stargate flagship campus and proving that co-locating compute with cheap power can undercut traditional data-center economics.
crusoe.ai ↗·AI / GPU Cloud·
United States·private 
