AI data center developer Crusoe has completed a $3.9 billion funding round, with a valuation approaching $31 billion.
45 minutes ago
AI data center developer Crusoe has secured a $3.9 billion funding round, with its valuation now approaching $31 billion. The firm was previously renowned for building the large data center complex used by OpenAI in Abilene, Texas, and is now aggressively expanding into small data centers. These small facilities can be manufactured at Crusoe’s own factories, loaded onto flatbed trucks, and transported to any location with access to available power for deployment. Small data centers are faster and more cost-effective than projects relying entirely on large-scale construction. As large data center projects across the U.S. face rising costs and delays, Crusoe believes its factory-prebuilt, truck-transportable, on-site deployment model can drastically shorten delivery timelines.
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Zcash mining firm Fortitude has appointed former Hut 8 CEO as its chief executive officer, and plans to go public on Nasdaq via a merger.
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