# Crusoe Triples Valuation to $30B in AI Infrastructure Surge

> Data center developer Crusoe raises $3 billion as demand for AI computing power explodes.
- Title: Crusoe Triples Valuation to $30B in AI Infrastructure Surge
- Summary: Data center developer Crusoe raises $3 billion as demand for AI computing power explodes. Crusoe's pivot from crypto mining to hyperscale AI infrastructure…
- Keywords: crusoe, data centers, venture capital, cloud computing, technology, startups, Triples, Valuation, 30B, Infrastructure, Surge, TechCrunch
- Source: TechCrunch — https://techcrunch.com/2026/09/03/crusoe-reportedly-raises-3b-at-a-30b-valuation
- Author: Marina Temkin
- Read time: 1 min
- Topics: ai, crusoe, data centers, venture capital, cloud computing, technology, startups
## Crusoe hits $30 billion valuation
Data center developer Crusoe has reportedly raised $3 billion in new funding, tripling its valuation to $30 billion in just ten months.

> Data center developer Crusoe, which counts Meta, Microsoft, and OpenAI as its customers, has raised a new $3 billion round at a $30 billion valuation
## Backed by major global investors
Atreides Management and Valor Equity Partners co-led the mega-round, alongside Abu Dhabi's sovereign wealth fund subsidiary Mubadala Capital.
## A $13 billion trading deal
Crusoe recently signed a massive five-year contract worth $13 billion to supply quantitative trading firm Jane Street with GPUs and AI infrastructure.
## Pivot from crypto to AI cloud
Founded in 2018 using flared natural gas for crypto mining, Crusoe pivoted into building hyperscale data center campuses for OpenAI, Meta, and Microsoft.
## Gearing up for an IPO
The company recently met with Wall Street banks like Goldman Sachs and Morgan Stanley to discuss a potential public market debut in the near term.
## Key takeaway

Crusoe's pivot from crypto mining to hyperscale AI infrastructure has turned it into a $30 billion giant poised for an IPO.