Crusoe Energy, a vertically integrated artificial intelligence infrastructure company, is raising approximately $500 million in equity capital from investors including billionaire Peter Thiel's Founders Fund. This funding will bring the startup's valuation to $3 billion and will be used to strengthen Crusoe Energy's AI infrastructure. Reports indicate that the startup's valuation has doubled in two years. The announcement of this funding round comes just weeks after it revealed a $3.40 billion joint venture aimed at financing dedicated data center capacity at the Lancium Clean Campus in Abilene, Texas. Since pivoting to build data centers, Crusoe Energy has made significant acquisitions of AI chips and is leasing its cloud computing technology to AI companies. The startup also used $200 million raised at the end of 2023 to purchase thousands of NVIDIA's H100 graphics processing units (GPUs).

PANews reported on October 31 that Crusoe Energy, a vertically integrated artificial intelligence infrastructure company, is raising approximately $500 million in equity capital from investors including billionaire Peter Thiel's Founders Fund. This funding will bring the startup's valuation to $3 billion and is aimed at enhancing Crusoe Energy's AI infrastructure.

Reports indicate that the startup's valuation has doubled in two years. The announcement of this fundraising comes just weeks after it revealed a $3.40 billion joint venture that will finance the construction of dedicated data center capacity at the Lancium Clean Campus in Abilene, Texas.

Since shifting to building data centers, Crusoe Energy has significantly acquired AI chips and is leasing its cloud computing technology to AI companies. The startup also used the $200 million it raised at the end of 2023 to purchase thousands of Nvidia's H100 graphics processing units (GPUs).

AI infrastructure company Crusoe Energy has raised $500 million at a valuation of $3 billion.