Crusoe sells wyoming data center site to Google; company secures new funding and expands AI partnerships

Denver-based data center developer Crusoe, recently valued at $30.9 billion, has finalized the sale of an undeveloped data center site in southeastern Wyoming to Google. This transaction follows reports that Google had reservations regarding the project's budget and construction schedule under Crusoe's oversight. While Google did not disclose the purchase price, the tech giant announced plans to commit $17 billion to develop the Wyoming campus. Despite the Wyoming sale, Crusoe is continuing its relationship with Google, as the company is developing another facility near Amarillo, Texas. The company recently secured a $3.9 billion funding round in September, which followed Bloomberg's initial June report of the Wyoming deal. Crusoe's operations involve leasing space to customers who bring their own GPUs, renting its own GPUs, and selling AI inference compute power. Beyond Google, Crusoe is executing major deals with other industry leaders. Its Abilene, Texas campus is being built in phases for Oracle and OpenAI, and a separate 900-megawatt campus is under construction for Microsoft, with its first building slated for mid-2027. Furthermore, Bloomberg reported that Jane Street signed a five-year cloud agreement worth $13 billion with Crusoe. The company was founded by Chase Lochmiller and Cully Cavness and recently added board members, including JB Straubel, who invested in Crusoe in 2021.