Name: Crusoe triples to a $30B valuation on a $3B raise
Uploaded: 2026-09-04T21:08:38+00:00
Duration: 47 s
Description: AI infrastructure company Crusoe raised over $3 billion at a roughly $30 billion valuation, tripling its worth in under a year on the strength of a $13 billion GPU supply deal with Jane Street.

Crusoe triples to a $30B valuation on a $3B raise.

Startups · 2026-09-05 · 47s

AI infrastructure company Crusoe raised over $3 billion at a roughly $30 billion valuation, tripling its worth in under a year on the strength of a $13 billion GPU supply deal with Jane Street.

Read the full story: Crusoe Triples to a $30B Valuation on $3B Funding Round →

Transcript

A company that started out burning waste gas at oil wells to mine crypto just got valued at thirty billion dollars. Crusoe raised over three billion dollars this week, tripling its valuation in ten months. The trigger is a thirteen billion dollar, five year deal to supply GPUs to Jane Street, the quant trading firm. That's a signal AI infrastructure money isn't just coming from OpenAI and Microsoft anymore. Crusoe's whole pitch is cheap power: it grabs flared natural gas nobody wants and turns it into compute for data centers. Now bankers at Goldman Sachs and Morgan Stanley are reportedly circling for IPO talks. Tripling in ten months only works if contracts like the Jane Street deal keep landing.