Crusoe Signs $13 Billion AI Cloud Deal with Jane Street, Bloomberg News Reports
The contract will supply GPUs and AI infrastructure through Crusoe’s cloud platform as demand for computing power drives data-center spending.
- On Thursday, AI data center startup Crusoe signed a five-year cloud contract with trading firm Jane Street Group valued at around $13 billion.
- Launched in 2018 as a crypto mining operation, Crusoe pivoted into a major AI infrastructure provider, developing hyperscale data centers for clients like Oracle and OpenAI to meet surging computing demand.
- According to Bloomberg, the company raised a new around $3 billion round at a roughly $30 billion valuation, 10 months after its previous funding round.
- Atreides Management and Valor Equity Partners co-led the round, which includes participation from Mubadala Capital, while Crusoe met recently with Goldman Sachs and Morgan Stanley regarding a potential near-term IPO.
- Securing Jane Street as a high-profile customer helped attract investor interest in the fundraising effort, positioning Crusoe as a key player as data center spending surges amid rising AI demand.
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Crusoe signs $13 billion AI cloud deal with Jane Street, Bloomberg News ...
Crusoe Signs Roughly $13 Billion AI Cloud Deal With Jane Street
Crusoe, a data center upstart with contracts to supply AI computing power to the likes of Meta Platforms Inc. and Oracle Corp., has signed a cloud contract with trading firm Jane Street Group valued at around $13 billion, according to people with knowledge of the matter.
Crusoe, the company that went from using residual gas to mining Bitcoin to building artificial intelligence infrastructure, would have signed a US$13 billion cloud deal with Jane Street. The compromise, still presented as a report, would greatly surpass the previous alliance of the trading firm with CoreWeave and show how much quantitative finance competes for computing capacity.
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Cryptocurrency News | Cryptocurrency Prices | Market CapCrusoe signs $13B cloud computing deal with Jane Street
Crusoe reportedly signs a $13 billion cloud computing deal with Jane Street, marking one of the largest AI infrastructure agreements in the
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