Crusoe is reportedly raising about $3 billion at a $30 billion valuation.
Why it matters: The reported deal would rank among the largest private rounds for an AI infrastructure company in 2026. It suggests investors still see data centers, power and GPU capacity as scarce assets worth funding aggressively.
- Bloomberg reported the round came together after Crusoe secured a roughly $13 billion, five-year cloud contract with Jane Street.
- Crusoe was founded in 2018 as a crypto-mining operation and now builds hyperscale data-center campuses for AI workloads.
- Crusoe said in 2025 that it raised $1.375 billion at a valuation above $10 billion.
- Independent reporting says Atreides Management, Valor Equity Partners and Mubadala Capital participated in the financing.
Crusoe is reportedly closing one of the biggest private financing rounds in the AI infrastructure market this year, with a new raise of about $3 billion at a $30 billion valuation, according to reporting from TechCrunch and Bloomberg.
The reported financing follows a major commercial win: Bloomberg said Crusoe landed a roughly $13 billion, five-year cloud contract with Jane Street to supply GPUs and AI infrastructure. That contract appears to have helped anchor investor interest in the round.
Crusoe has spent years repositioning itself. The company says on its website that it began in 2018 as a crypto-mining operation and now develops hyperscale data-center campuses optimized for AI workloads. In 2025, Crusoe said it had raised $1.375 billion at a valuation above $10 billion to fund AI infrastructure expansion.
Independent reporting said the financing included large institutional backers such as Atreides Management, Valor Equity Partners and Mubadala Capital. The deal has not been formally confirmed by Crusoe or Jane Street in the sources reviewed.
By the numbers
- $3 billion - reported new financing size
- $30 billion - reported valuation in the round
- $13 billion - reported Jane Street cloud contract value over five years
Yes, but: The financing and the Jane Street contract are both reported in secondary sources, not formally announced in the materials reviewed.
What's next: No closing date, investor terms or confirmation from Crusoe or Jane Street were disclosed in the sources reviewed.