AI infrastructure company Crusoe has completed an initial fundraising of $1.375 billion in its Series E round, with participation from Franklin Templeton and others

ChainCatcher news, AI infrastructure company Crusoe announced the completion of an initial raise of $1.375 billion in Series E funding, led by Valor Equity Partners and Mubadala Capital, with participation from 137 Ventures, 1789 Capital, Activate Capital, Altimeter Capital, Fidelity Management & Research Company, Founders Fund, Franklin Templeton, and others. The new funds will be used for the construction of its data centers.

Previously, Crusoe was involved in the Bitcoin mining business and received investments from several companies in the cryptocurrency industry, but in March of this year, it sold its Bitcoin mining operations to NYDIG.