As it continues to expand on Lancium site.
Crusoe has raised the second phase of its $15 billion joint venture to fund a 1.2GW AI data center campus in Abilene, Texas.
The company secured $11.6bn in debt and equity for the site, with the funds managed by Blue Owl’s Real Assets platform along with Primary Digital Infrastructure.
The campus is the flagship site for OpenAI's Stargate effort, a $500bn project to build a number of massive data centers across the US for the AI developer.
Construction of the first phase, featuring two buildings and more than 200MW began in June 2024 and is expected to be energized in the first half of 2025.
Construction of the second phase, consisting of six more buildings and another gigawatt of capacity, began in March 2025 and is expected to be energized in mid-2026.
Each of the eight buildings will operate up to 50,000 Nvidia GB200 NVL72s on a single integrated network fabric, Crusoe said. The data centers will use direct-to-chip liquid cooling via zero-water evaporation cooling systems that recirculate water through a closed loop system.
“The foundation of artificial intelligence starts with energy and data centers,” said Chase Lochmiller, CEO and co-founder of Crusoe.
"Crusoe is bringing these AI factories to life at an unmatched speed and scale that enables our customers to usher in a new era of AI driven abundance. Abilene will host one of the largest clusters of GPUs in the world, bringing thousands of jobs to the local community while delivering tens of billions of dollars in value to the economy."
The campus is itself part of the Lancium Clean Campus, owned by Lancium.
“The AI data center at the Lancium Clean Campus represents exactly the kind of strategic infrastructure investment our platform was built for — future-ready, operator-aligned, and mission-critical to fulfilling AI-driven compute demand,” said Bill Stein, executive managing director and chief investment officer at Primary Digital Infrastructure.
