Crusoe is expected to raise around $1 billion through a mix of equity and debt, according to the report

In sum – what to know:

Crusoe seeks $10B valuation – The AI data center startup is in talks to raise about $1 billion, more than tripling its valuation from last year’s $2.8 billion round.

Strategic projects fuel growth – The company leads development of a $12B AI campus in Texas for OpenAI and Oracle, highlighting its central role in the Stargate initiative.

Global expansion accelerates – With a new European hub in Norway and the acquisition of Israel-based Atero, Crusoe now manages 3.4 GW of AI data center capacity.

Crusoe Energy Systems, an AI data center startup, is reportedly in talks to raise fresh capital at a valuation approaching $10 billion, Bloomberg reported, citing

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