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flag Crusoe raised $1.38 billion to expand AI data centers, boosting its valuation past $10 billion.

flag Crusoe, an AI data center company, raised $1.38 billion in a Series E round co-led by Mubadala Capital and Valor Equity Partners, valuing the company at over $10 billion. flag The funding, which includes participation from NVIDIA, Salesforce Ventures, and Founders Fund, supports Crusoe’s rapid expansion, including the launch of a 1.2-gigawatt campus in Abilene, Texas, and planned gigawatt-scale facilities in Wyoming, Norway, and Iceland. flag The company has shifted focus from Bitcoin mining to AI infrastructure, strengthened its technology through the acquisition of Atero, and seen bookings for its Crusoe Cloud platform grow fivefold in 2025.

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