Crusoe: Building AI Factories at a US$30.9bn Valuation
Crusoe Co-founder and CEO Chase Lochmiller is building AI infrastructure from power plant to token, with 6GW contracted and over US$140bn of contract value
TL;DR
- Crusoe is a vertically integrated AI infrastructure company with a valuation of US$30.9 billion after a US$3.9 billion Series F funding round.
- The company has over 6GW of gross contracted capacity and over US$140 billion in total contracted value.
- Crusoe's strategy involves controlling the entire AI infrastructure supply chain, from power generation to compute rental via Crusoe Cloud.
- Key clients include OpenAI, Google, Perplexity, and Thinking Machines Lab, with partnerships in renewable energy, battery, nuclear, and thermal power.
- Crusoe Cloud bookings have increased more than 20x year-on-year in 2026, and Managed Inference has surpassed US$100 million in contracted ARR.
- The company is expanding its data center footprint and manufacturing capabilities, with a partnership aiming for the first nuclear-powered AI factory in 2027.