AI infrastructure firm Crusoe has successfully completed the initial raise of its $1.375 billion E-round funding, announced on October 25. The funding round was led by Valor Equity Partners and Mubadala Capital, with significant contributions from 137 Ventures, 1789 Capital, Activate Capital, Altimeter Capital, Fidelity Management & Research Company, Founders Fund, and Franklin Templeton, among others.
The capital will be directed towards the development of Crusoe's data centers, marking a strategic shift from its previous focus on Bitcoin mining. Earlier this year, Crusoe divested its Bitcoin mining operations to NYDIG, signaling its pivot towards enhancing AI infrastructure capabilities.
Crusoe Secures $1.375 Billion in E-Round Funding for AI Infrastructure
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