Crusoe builds AI data centers near renewable and stranded energy sources, reducing both cost and carbon footprint compared to conventional cloud providers. Their first product to market used stranded energy, like natural gas being burned off at oil wells or renewable energy that the grid can't absorb, to power colocated data centers.

The company operates H100 and H200 GPU clusters and is a preferred provider for major AI workloads, including a 2.1GW data center in Abilene, TX to support Microsoft.

The enormous and growing power demands of AI training and inference have made cheap energy access the key competitive advantage in AI infrastructure, perfectly aligning with Crusoe's stranded energy model. Crusoe raised a $1.3B Series E, led by Valor Equity Partners and Mubadala Capital in October 2025.

* Primary is an investor in Crusoe, through the acquisition of Atero.