Crusoe Raises $3.9B Series F at $30.9B Valuation to Expand AI Data Centers and Modular AI Factories

Data center developer Crusoe has secured $3.9 billion in a Series F funding round, more than doubling its valuation to $30.9 billion, as demand for AI computing infrastructure continues to surge across the industry. The round was co-led by Atreides Management, Mubadala Capital, and Valor Equity Partners, with participation from Founders Fund, GIC, Nvidia, Qatar Investment Authority, Radical Ventures, and TPG. The eight-year-old company, founded in 2018 as a cryptocurrency mining operation powere