Crusoe
Builds AI data centres and rents out the computing power, partly powered by on-site gas.
- Revenue
- Raised $3.9B at a $30.9B valuation (Sep 2026)
- Value
- $30.9B after raising $3.9B (Sep 2026)
- Based in
- Denver, US
- Listed
- Private
It combines building the site, power and the cloud in one company, which speeds up delivery.
Its valuation depends on continued funding for very large builds.
Money coming in
Who pays Crusoe, and for what.
No customers of Crusoe mapped yet.
Money going out
Who Crusoe pays to do what it does.
No suppliers of Crusoe mapped yet.
Where it sits on the map
Competitors and neighbours
Makes Gemini, the assistant built into Android, Search and Workspace.
25% of AI chip supply (Epoch AI)
Open profileSells Microsoft 365 Copilot inside Office and Windows, and owns a large stake in OpenAI.
20M+ users (2025)
Open profileDesigns its own Trainium AI chips and rents them out through AWS.
5% of AI chip supply (Epoch AI)
Open profileGPU cloud that builds its own data centre campuses and rents capacity to Microsoft and Meta.
Up to 1.2 GW campus under way in Missouri
Open profileRuns large cloud data centres and rents AI computing, with OpenAI as its biggest customer.
Capital spending up 162% to $55.7B in fiscal 2026. Free cash flow minus $23.7B
Open profileThe largest GPU-only cloud, renting Nvidia chips to AI labs and big tech on long contracts.
Quarterly revenue $2.6B, up 112%. $104B backlog. Still loss-making
Open profileBuilds AI servers from Nvidia and AMD chips for enterprises, clouds and governments.
Full-year fiscal 2027 guidance raised to $192B (Sep 2026)
Open profileGPU cloud that rents Nvidia systems to AI builders and to Microsoft.
About $760M annualised in 2025 (Sacra estimate)
Open profileHosts and fine-tunes open AI models on rented GPUs for companies.
About $1B annualised (Sacra estimate, Feb 2026)
Open profileSources: zawya.com
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