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Crusoe Energy - Debt Financing
Overview
Funding Date
October 23, 2023
Financing amount
$200M
Valuation
--
Category
About Crusoe Energy - Debt Financing
Crusoe Announces Significant Expansion of Cloud Business with New Capacity and $200M in New Financing. To support continuous growth and additional capacity availability in the coming months, Crusoe is announcing a commitment from investment firm Upper90 for asset-backed financing for the purposes of securing additional GPUs. The most recent debt financing from Upper90 will allow Crusoe to continue rapid investment in the infrastructure needed to scale its AI cloud offering.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2018 | 1 | -- |
Founders & Team
Chase Lochmiller
Cully Cavness
Company Profile / Project Introduction
Crusoe is on a mission to align the future of computing with the future of the climate. As builders and operators of clean computing infrastructure, Crusoe reduces both the costs and the environmental impact of the world’s expanding digital economy. By unlocking stranded sources of energy to power artificial intelligence, crypto, and other high performance computing applications, Crusoe is creating the future of compute-intensive innovation that reduces emissions rather than adds to them.