Bloomberg reports Crusoe raises $3B at $30B valuation

September 4, 2026 at 05:48 AM1 min

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Crusoe has raised a $3 billion funding round at a $30 billion valuation, Bloomberg reported. The round is co-led by Atreides Management and Valor Equity Partners, with participation from Mubadala Capital. The raise comes 10 months after Crusoe's $1.38 billion round at a $10 billion valuation.

Key Facts

Crusoe raised $3 billion at a $30 billion valuation, Bloomberg reported.
Atreides Management and Valor Equity Partners co-led the round, with Mubadala Capital participating.
Crusoe signed a $13 billion, five-year cloud contract with Jane Street for GPUs and AI infrastructure.
Crusoe last raised $1.38 billion at a $10 billion valuation in October 2025.
Crusoe met with Goldman Sachs and Morgan Stanley to discuss a potential IPO, Axios reported last month.

Funding Round Details

Crusoe raised $3 billion at a $30 billion valuation, Bloomberg reported. The round is co-led by Atreides Management and Valor Equity Partners. Mubadala Capital, the asset management arm of Abu Dhabi's sovereign wealth fund Mubadala, also participated. The raise comes 10 months after Crusoe's $1.38 billion round at a $10 billion valuation in October 2025.

Business Expansion

Crusoe signed a $13 billion, five-year cloud contract with quantitative trading firm Jane Street to supply GPUs and AI infrastructure. The company counts Meta, Microsoft, and OpenAI among its customers. Crusoe is known for developing hyperscale data center campuses for clients like Oracle and OpenAI. Launched in 2018 as a crypto mining operation powered by flared natural gas, Crusoe has pivoted into a major AI infrastructure and cloud provider.

IPO Discussions

Crusoe recently met with investment bankers, including Goldman Sachs and Morgan Stanley, to discuss a potential near-term IPO, Axios reported last month.