Crusoe CEO cites nearly $4 billion funding, valuation near $31 billion

Published Saturday, September 19, 2026 · 1:08 AM EDT

Crusoe CEO Chase Lochmiller said the AI infrastructure company has nearly $4 billion in fresh funding, lifting its valuation to almost $31 billion. He said the capital will support building data centers, cloud computing, and managed AI services. Lochmiller said Crusoe could eventually enter public markets and argued data-center opposition reflects a marketing issue, saying the industry should better communicate effects on water, jobs, and local tax revenue.

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Bloomberg Technology

Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.

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