Crusoe

Company research

Public company, workplace, funding, and market signals

Updated Aug 5, 2026

Overview

Crusoe is an energy-first AI infrastructure company that designs, builds, and operates power systems, AI-optimized data centers, and a cloud platform. It began by converting stranded natural gas into computing power, later divested its bitcoin-mining business, and now focuses on AI factories and cloud infrastructure.

Primary product

Crusoe Cloud: GPU/CPU infrastructure and managed AI services for model training, fine-tuning, inference, orchestration, storage, and networking; the broader offering also includes AI-optimized data centers and energy infrastructure.

Founded

2018

Headquarters

Denver, Colorado, United States

Team size

Approximately 1,000–1,200 employees in 2026; Crusoe publicly celebrated reaching 1,000 employees and adding more than 300 over the following three months.

Industry

Technology, Information and Internet

Sub-industry

AI infrastructure, GPU cloud computing, data centers, and energy infrastructure

Offices

Arvada, Colorado

Bellevue, Washington

Denver, Colorado

San Francisco, California

Sunnyvale, California

Tulsa, Oklahoma

Dublin, Ireland

Tel Aviv, Israel

Business model

GPU/CPU cloud infrastructure-as-a-service

Managed AI services, including inference and fine-tuning

Managed Kubernetes and Slurm orchestration

AI-optimized data-center design, construction, and operation

Energy infrastructure and power provision for AI factories

Long-term enterprise infrastructure partnerships

Funding

Stage

Late-stage private company; Series E, with additional debt financing and an unconfirmed 2026 financing report

Total raised

$4.3B

Latest round

Series E · Oct 2025

Latest amount

$1.4B

Conventional Debt

Feb 2026 · Goldman Sachs

$300M

Series E

Oct 2025 · Valor Equity Partners and Mubadala Capital

$1.4B

Venture Debt

Aug 2025 · Victory Park Capital

$175M

Series D

Dec 2024 · Founders Fund

$600M

Series C

Apr 2022 · G2 Venture Partners

$350M

Series B

Apr 2021 · Valor Equity Partners

$128M

Series A

Dec 2019 · Bain Capital Ventures

$30M

Seed

Mar 2019 · Founders Fund

$4.5M

People & investors

Leadership

Chase Lochmiller

Co-founder, CEO and Chairman of the Board

Cully Cavness

Co-founder, President and Chief Strategy Officer

Michael Gordon

Chief Operating Officer and Chief Financial Officer

Chris Dolan

Chief Data Center Officer

Jamey Seely

Chief Legal Officer

Matt Field

Chief Real Estate Officer

Nitin Perumbeti

Chief Technology Officer

Tara Green

Chief People Officer

Tim Loos

Chief Accounting Officer

John Adams

Senior Vice President, Power Infrastructure

Erwan Menard

Senior Vice President, Product Management

Jamie McGrath

Senior Vice President, Data Center Operations

Investors

Work & culture

Mission-driven, high-velocity, engineering- and builder-oriented culture centered on accelerating the abundance of energy and intelligence. Crusoe emphasizes high standards, speed, talent density, and energy-first computing; its 2025 employee survey reported that 92% of employees were proud to work there.

Visa sponsorship

Limited

Compensation

Public company materials signal competitive compensation plus equity. Third-party H-1B/LCA data reports sponsored roles with a median salary around $210,000, while public salary estimates commonly show substantial base/equity/bonus packages; exact ranges vary by role and location.

Benefits

Competitive compensation and equity

Health and wellness programs

Mental-health and wellbeing resources

Retirement and pension plans

Paid time off, holidays, and leave programs

Learning and development

Volunteer time off

Life and income protection

Daily meals allowance

Location-specific perks and programs

Product & market

Pricing

Usage-based cloud pricing: GPU instances are priced per GPU-hour, CPU instances per CPU-hour, storage per GiB-month, and managed Kubernetes per cluster-hour. Enterprise capacity and data-center arrangements are likely custom-priced.

Differentiators

—Vertically integrated model spanning energy, power, data-center construction, operations, and cloud software
—Energy-first strategy using stranded, renewable, geothermal, hydro, and other power sources
—Purpose-built high-density AI factories rather than general-purpose data centers
—Access to current NVIDIA and AMD accelerator platforms
—Crusoe Cloud software for training, inference, fine-tuning, orchestration, and operations
—Ability to develop gigawatt-scale campuses and secure long-term power capacity

Technology

NVIDIA GB200 NVL72

NVIDIA B200

NVIDIA H200

NVIDIA H100

AMD MI355X

AMD MI300X

CUDA

Kubernetes

Slurm

Ceph

MinIO

Lustre

Grafana

MLflow

VMware

HashiCorp tooling

Crusoe MemoryAlloy

Crusoe Command Center

Crusoe Edge Zones

Customers

OpenAI

Oracle

Microsoft

Windsurf

Cursor

Decart

Fireworks

Odyssey

Together AI

Competitors

CoreWeave

Nebius

FluidStack

Lambda

Voltage Park

Google Cloud

Microsoft Azure

AWS

Scale & contact

Estimated revenue

Approximately $750 million–$1.25 billion annually; third-party estimates are not company-reported and should be treated as directional.

Signals & risks

Acquisition

Aug 2025

Crusoe acquired GPU-memory-optimization startup Atero and established a Tel Aviv office.

Source

Other

Jan 2025

Crusoe divested its bitcoin-mining business to NYDIG to focus exclusively on AI infrastructure; this is a material strategic pivot from its original crypto/flare-mitigation model.

Source

Other

Jul 2026

Media reported that Crusoe was in talks to raise approximately $3 billion at an approximately $30 billion valuation. No final terms, close date, or company confirmation were available, so this should not be treated as a completed round.

Source

Latest news

Crusoe and Aalo Atomics partner on nuclear-powered AI factory

Crusoe LinkedIn · Jul 2026

The companies announced plans for a Crusoe Spark modular data center powered by an Aalo reactor, with a target demonstration at Idaho National Laboratory in 2027.

Crusoe reportedly discusses $3B financing at roughly $30B valuation

Tech Funding News, citing Bloomberg · Jul 2026

Reports described ongoing financing discussions, but no final terms or company confirmation were available as of the research date.

Crusoe celebrates 1,000 employees and rapid hiring growth

Crusoe LinkedIn · Jun 2026

Crusoe said it had celebrated reaching 1,000 employees and had added more than 300 employees in the preceding three months.

Crusoe, the AI factory company, raises $1.375B at valuation above $10B

Crusoe · Oct 2025

Crusoe announced the initial closing of a $1.375 billion Series E co-led by Valor Equity Partners and Mubadala Capital, valuing the company above $10 billion.

Crusoe acquires Atero to accelerate AI infrastructure performance

Crusoe · Aug 2025

The acquisition added GPU-memory-optimization capabilities and established Crusoe’s Tel Aviv engineering presence.

Jobs and careers at Crusoe

330 jobs at Crusoe

Senior Financial Analyst, Headcount & OpEx Planning

On-site

Finance

Bellevue, WA - US; Seattle, WA, US

Today

On-site

Full-time