COMPANIES · CLOUD & COMPUTE

Crusoe Energy

Crusoe Energy is a private company that builds and operates data centers and Nvidia GPU cloud computing capacity for AI, having started out powering computing with otherwise-wasted natural gas.

DirectCloud & compute
What it does

Crusoe Energy is a private company that builds and operates data centers and Nvidia GPU cloud computing capacity for AI, having started out powering computing with otherwise-wasted natural gas.

Why it matters

Crusoe raised a $3.9 billion Series F in September 2026 at a $30.9 billion valuation and developed the Stargate data center campus in Abilene, Texas that it leases to Oracle for capacity used by OpenAI, making it one of the larger vertically integrated AI infrastructure builders.

How it makes money

Crusoe makes money by building and operating data centers and renting out GPU computing capacity, and historically also by selling power from stranded natural gas and other energy sources to computing loads.

Geography

United States (San Francisco, California)

AI stack position

Cloud and specialized AI compute providers. The companies that buy up AI infrastructure and rent out computing power to AI developers and businesses. This is how most companies access AI computing without building their own data centers.

Same-layer peers

Same-layer peers share an editorial stack classification; that alone does not establish direct competition.

Connections (8)

Every connection below is tied to a readable source, date, classification and statement of its limits. A company source establishes what that company stated; it does not necessarily provide independent confirmation.

Current relationships (2)

Crusoe Energy develops and leases data center to Oracle
Provides infrastructure toCurrent
Crusoe developed the Stargate data center campus in Abilene, Texas, and leases the completed facility to Oracle for Oracle Cloud Infrastructure capacity used in OpenAI's Stargate project; the final building topped out in November 2025.

Source: 2025-11-17 · reviewed 2026-09-20

Evidence: Secondary reporting (unconfirmed by primary parties) · Reported operating

Limits: This confirms Crusoe's role as developer and landlord of the Abilene campus as of November 2025; it does not disclose lease value, Oracle's or OpenAI's actual usage levels, or how later reported changes to Stargate expansion plans affected the arrangement.

Crusoe tops out final building at OpenAI Stargate data center campus in Abilene, Texas ↗
Crusoe Energy develops and leases the Stargate Abilene AI data center campus to OpenAI
Provides infrastructure toCurrent
Crusoe is developing the eight-building, roughly 1.2GW Stargate data center campus in Abilene, Texas, with the final building topped out per Crusoe's November 17, 2025 announcement. Crusoe's own materials describe the campus as supporting OpenAI's Stargate project; a separate record (R129) documents Oracle as the tenant leasing the completed facility for Oracle Cloud Infrastructure capacity used by OpenAI. This record should not be read as establishing an additional, separate bilateral lease directly between Crusoe and OpenAI beyond the developer/landlord role described here.

Source: 2025-11-17 · reviewed 2026-09-20

Evidence: Primary-source statement · Under construction, full completion targeted mid-2026

Limits: The announcement covers construction progress and confirms Crusoe's developer/landlord role for the Abilene campus; it does not disclose lease value, contract length, or establish a separate bilateral lease contract directly with OpenAI distinct from the Crusoe-Oracle tenancy documented in R129. Developer, landlord, compute provider (Oracle) and end user (OpenAI) are kept distinct per the project's evidence standard.

Crusoe tops out final building at OpenAI Stargate data center campus in Abilene, Texas ↗

Dated or announced (6)

Crusoe Energy expands technology collaboration with NVIDIA
Partners withDated / announced
Crusoe and Nvidia announced in August 2026 an expanded collaboration across their AI infrastructure stack, including Crusoe's early adoption of Nvidia Vera Rubin systems and Nemotron 3 models, and integration of Crusoe's tokenizer with Nvidia's Dynamo inference library.

Source: 2026-08-19 · reviewed 2026-09-20

Evidence: Primary-source statement · Announced

Limits: This describes announced technical collaboration and planned 2026-2027 hardware deployments; it does not prove all elements are in production today or disclose the commercial terms between the two companies.

Crusoe and NVIDIA Expand Collaboration Across the Full AI Infrastructure Stack ↗
Crusoe Energy is reported to provide data center capacity to Meta Platforms
Provides infrastructure toDated / announced
Bloomberg reported that Meta contracted about 1.6 gigawatts of AI computing capacity from Crusoe Energy across sites at Childress, Texas and Warrenton, Missouri.

Source: 2026-06-18 · reviewed 2026-09-24

Evidence: Secondary reporting (unconfirmed by primary parties) · Reported but unconfirmed

Limits: Based on unnamed sources; neither Meta nor Crusoe confirmed the agreement in this reporting. No contract value or delivery date is given, and it does not establish that any capacity is energized or occupied.

Meta strikes new 1.6-gigawatt AI computing deal with data center startup Crusoe ↗
Crusoe Energy announced it will run its cloud on Starcloud
Partners withDated / announced
Crusoe said it will deploy Crusoe Cloud on a dedicated module of a Starcloud satellite launching in late 2026, with limited GPU capacity available from space in early 2027.

Source: 2025-10-22 · reviewed 2026-09-24

Evidence: Primary-source statement · Announced; not confirmed operating

Limits: An announcement of intent with a future date. It does not establish that any hardware has been built or launched, the capacity involved, the commercial terms, or that customers can buy orbital compute from Crusoe today.

Crusoe to become first cloud operator in space through strategic partnership with Starcloud ↗
GE Vernova supplies gas turbines to Crusoe Energy
SuppliesDated / announced
GE Vernova is supplying Crusoe Energy with 29 LM2500XPRESS aeroderivative gas turbines (combined capacity of nearly 1 GW) to power Crusoe's AI data centers, under orders booked in December 2024 (10 units) and June 2025 (19 units), announced July 22, 2025.

Source: 2025-07-22 · reviewed 2026-09-22

Evidence: Primary-source statement · Announced / planned

Limits: Does not confirm installation or operational status of the turbines, specific site location, or total contract value.

GE Vernova and Crusoe announce major 29-unit aeroderivative gas turbine deal to deliver power to AI data centers ↗
Crusoe Energy purchases AMD Instinct MI355X AI chips for a new data center facility AMD
Buys fromDated / announced
Crusoe agreed to purchase roughly 13,000 AMD Instinct MI355X chips worth about $400 million for a liquid-cooled AI data center facility, according to CEO Chase Lochmiller as reported June 12, 2025.

Source: 2025-06-12 · reviewed 2026-09-20

Evidence: Secondary reporting of an on-record executive statement · Reported purchase commitment; facility expected online fall 2025

Limits: Terms come from the CEO's on-record comments as reported by the press, not a joint Crusoe-AMD release; final chip count, delivery schedule, and payment terms are not independently confirmed by AMD.

Exclusive-'Neocloud' Crusoe to buy $400 million worth of AMD chips for AI data centers ↗
NVIDIA invested in via Series D Crusoe Energy
Invested inDated / announced
Nvidia participated in Crusoe Energy's $600 million Series D funding round, led by Founders Fund at a $2.8 billion valuation, announced in December 2024.

Source: 2024-12-16 · reviewed 2026-09-20

Evidence: Secondary reporting (unconfirmed by primary parties) · Completed

Limits: This confirms Nvidia's participation as one of several investors in the round; it does not disclose Nvidia's specific investment amount or resulting ownership stake.

Crusoe Energy's secures $600M in Series D. Investors include Nvidia. ↗

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