Crusoe Lands ~$13B AI Cloud Order from Jane Street; Five-Year Deal Lifts Valuation to $30B
1 hours ago
Beating AI News: AI data center startup Crusoe has signed a five-year cloud services agreement worth approximately $13 billion with quantitative trading firm Jane Street Group. Under the deal, Crusoe will supply Jane Street with advanced AI chip clusters (GPUs) and other infrastructure required for AI training and inference via its cloud platform. Jane Street is one of Crusoe’s largest cloud business clients to date. The agreement has also further boosted investor interest in Crusoe’s latest financing round. Reports indicate that Crusoe recently closed over $30 billion in financing, with the company valued at approximately $300 billion. Crusoe initially primarily utilized waste natural gas from the energy sector to power cryptocurrency mining, later pivoted to the AI infrastructure space, and has already secured AI computing power partnerships with firms including Meta and Oracle. As demand for AI computing power continues to rise among financial institutions and large enterprises, GPU cloud service providers are emerging as key players in the AI infrastructure market.
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