Launched in 2018 as a cryptocurrency business, Crusoe has pivoted to building AI infrastructure and is among the upcoming “neoclouds” that provide specialized AI cloud and data center services.
Crusoe in 2025 raised $1.38 billion in a funding round at a valuation of more than $10 billion.
Crusoe’s roughly $30 billion valuation is on a post-money basis, including the new capital raised, the report said.
Separately, the startup has signed a five-year cloud contract with trading firm Jane Street Group valued at around $13 billion, Bloomberg News reported on Thursday, citing sources.
Jane Street is Crusoe’s highest-profile cloud customer yet, and the deal helped attract interest in Crusoe’s latest fundraising effort, the report said.
Crusoe has contracts to supply AI computing power to the likes of Meta Platforms and Oracle, the Bloomberg report said.
Crusoe could not immediately be reached for comment outside regular business hours.
It has been expanding its AI infrastructure business as demand for computing power to develop and run AI models drives a surge in data center spending.
The startup said in June that it had contracts for 4.9 gigawatts of computing power and more than 40 gigawatts in its total project pipeline.
