Crusoe Raises $3.9B to Build Massive Data Centers and Small Modular ‘AI Factories’
Crusoe announced the initial closing of a $3.9 billion Series F at a $30.9 billion valuation on 17 September 2026, co-led by Atreides, Mubadala Capital and Valor. The money funds both Abilene-scale campuses and Spark, modular data centers built in Crusoe’s own factories and trucked to available power. We work through the numbers (a $27.0 billion pre-money, a 3.09-fold jump in ten months, one gigawatt running of six contracted), the new directors that point to an IPO, and three claims buyers should read carefully.