Crusoe raises $3B at $30B valuation

Data center builder Crusoe Inc. is reportedly raising a $3 billion funding round that could value the company at $30 billion, roughly three times its worth last year. The startup builds prefabricated data centers for clients including Microsoft Corp., Oracle Corp., OpenAI Group PBC, and Meta Platforms Inc. Its flagship project in Abilene, Texas serves as ChatGPT developer's largest Stargate campus with two operational buildings among eight total structures currently under construction.