AI data center developer Crusoe has completed a $3 billion financing round at a $30 billion valuation, with Atreides Management and Valor Equity Partners co-leading the deal and Mubadala Capital participating. The raise comes 10 months after Crusoe closed a $1.38 billion round at a $10 billion valuation. Crusoe counts Meta, Microsoft, and OpenAI among its customers and recently signed a five-year, $13 billion GPU and AI infrastructure cloud contract with Jane Street. Founded in 2018, the company began by using stranded natural gas for Bitcoin mining before shifting into AI infrastructure and cloud services, where it is known for building hyperscale data center campuses. The financing follows reports last month that Crusoe held talks with Goldman Sachs and Morgan Stanley about a possible IPO in the near future.