Crusoe announced that it now has 4.9 GW of contracted AI infrastructure capacity across its data center projects and Crusoe Cloud platform, marking a major expansion of its energy-first AI infrastructure model. The company said its broader development pipeline now exceeds 40 GW, including contracted projects, sites under active tenant negotiation, and sites in advanced development.
The contracted portfolio spans five AI data center campuses in the United States. Crusoe said the first two buildings at its 1.2 GW Abilene, Texas campus, purpose-built for Oracle, are operational, with six additional buildings under construction. The company also recently broke ground on a second 900 MW Abilene campus for Microsoft, bringing the planned Abilene footprint to roughly 2.1 GW. Additional contracted campuses are underway in Texas and Missouri.
Crusoe’s model combines power strategy, data center development, electrical equipment manufacturing, and cloud services. The company manufactures long-lead electrical components at facilities in Colorado, Oklahoma, and Louisiana, then ships prefabricated systems for installation. Crusoe said this vertically integrated approach helps reduce deployment risk and compress project timelines for hyperscalers, enterprises, and AI-native customers.
- 4.9 GW of AI infrastructure under contract
- More than 40 GW total development pipeline
- Five contracted AI data center campuses in the U.S.
- 1.2 GW Abilene, Texas campus purpose-built for Oracle
- 900 MW second Abilene campus for Microsoft
- Additional large-scale contracted campuses in Texas and Missouri
- Crusoe Cloud supports AI training, inference, and HPC workloads
- Power strategy includes natural gas, renewables, batteries, grid interconnection, and energy infrastructure partnerships
“The demand from the world’s leading technology companies for AI infrastructure – quickly and at scale – has never been greater, and Crusoe is uniquely positioned to meet it,” said Chase Lochmiller, Co-founder and CEO of Crusoe.
🌐 Analysis
Crusoe’s 4.9 GW contracted milestone shows how AI infrastructure competition now centers on power access, site control, electrical equipment supply chains, and construction execution as much as GPU procurement. The Abilene buildout also places Crusoe at the center of several of the largest U.S. AI infrastructure projects, including dedicated capacity for Oracle and Microsoft.
| Company Profile: Crusoe | |
|---|---|
| Headquarters | Denver, Colorado, USA |
| Founded | 2018 |
| Leadership | Chase Lochmiller (Co-founder & CEO), Cully Cavness (Co-founder), Michael Gordon (COO & CFO) |
| Business Focus | Vertically integrated “AI factories.” Parallel development of energy procurement and data center construction; in-house manufacturing of prefabbed electrical components to compress timelines. |
| AI Cloud Platform | Crusoe Cloud – Purpose-built for large-scale AI training, inference, and high-performance computing (HPC) utilizing optimized NVIDIA and AMD full-stack architectures. |
| Contracted AI Infrastructure | 4.9 GW across data center projects and Crusoe Cloud allocations. |
| Development Pipeline | Over 40 GW (includes contracted projects, active tenant negotiations, and advanced development sites). |
| Major U.S. Campuses | • Abilene, TX (Flagship): 1.2 GW campus built for Oracle, plus a separate 900 MW campus for Microsoft. • Additional sites: Two contracted campuses in Texas, one in Missouri, and a massive 1.8 GW campus pipeline in Wyoming. |
| Major Customers | Oracle Microsoft (supporting massive frontier model training initiatives) |
| Energy Strategy | Stranded natural gas utilization (flare mitigation), utility-scale solar, wind, geothermal, battery storage, and advanced grid integration partnerships (e.g., ~750MW generation agreement with Bergen Engines). |
| Recent Financing | Closed a $1.375 Billion Series E equity round (co-led by Valor Equity Partners and Mubadala Capital) at a $10 Billion+ valuation. Supported by billions in multi-phase project debt financing from institutional partners like Blue Owl and JPMorgan. |
| Website | crusoe.ai |
