Crusoe, a developer of data centers and AI infrastructure, has secured $3 billion in new funding, pushing its valuation up to $30 billion. The round was led by Atreides Management and Valor Equity Partners, with Mubadala Capital also joining in. Crusoe's client roster includes heavyweights like Meta, Microsoft, and OpenAI.

Investors and Round Structure

Atreides Management and Valor Equity Partners took the lead on Crusoe's latest raise, with Mubadala Capital also coming on board. The terms of the round and further details remain under wraps for now.

From Flare Gas Bitcoin Mining to AI Cloud Powerhouse

Crusoe originally made a name for itself mining bitcoin by harnessing flare gas for energy. Over time, the company pivoted to building out data centers and beefing up cloud infrastructure tailored for AI workloads. Today, major tech giants—including Meta, Microsoft, and OpenAI—are among its clients.

Valuation Surge

Back in October 2025, Crusoe was valued at $10 billion after raising $1.38 billion. This latest deal triples that figure, bumping the company's valuation to $30 billion with a fresh $3 billion injection.