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The Weighted Average

Wire

Crusoe raises $3B at a $30B valuation

Crusoe reportedly raised a new $3 billion round at a $30 billion valuation, ten months after its previous financing valued the AI-infrastructure company at $10 billion, according to TechCrunch’s report on the Bloomberg-sourced round. The data-center developer, whose customers include Meta, Microsoft, and OpenAI, also recently signed a reported $13 billion five-year cloud contract with Jane Street. For operators weighing merchant data-center tariff exposure, file Crusoe as evidence that financing appetite is following contracted AI capacity—not merely speculative GPU demand.