crusoe

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.

ChainCatcher news, Bitcoin financial services company NYDIG announced that it has reached a final agreement to acquire Crusoe's Bitcoin mining business. The acquisition includes 270 megawatts of power generation technology that can convert associated natural gas into mining power. After the transaction is completed, the Crusoe team will be integrated into NYDIG's power and Bitcoin mining division, and both parties will continue to maintain strategic cooperation in the AI data center field.NYDIG's parent company Stone Ridge holds 10GW of natural gas assets in the United States, and this acquisition will create synergies with its energy business. Crusoe's "digital emissions reduction" technology has been deployed in over 20 mining sites across 7 states in the U.S. and Argentina. NYDIG founder Ross Stevens stated that this integration will reduce the operational costs of Bitcoin network security while promoting the efficient use of energy resources.

ChainCatcher news, AI infrastructure company Crusoe Energy is about to complete a $500 million equity financing, led by billionaire Peter Thiel's Founders Fund. This round of financing brings the company's valuation to $3 billion, doubling from two years ago.In the previous weeks, Crusoe Energy just announced a $3.4 billion joint venture agreement with Lancium Clean Campus to build data centers in Texas.

ChainCatcher news, Bitcoin mining company Crusoe Energy announced a $200 million asset-backed financing commitment from investment firm Upper90. The funds raised are planned to be specifically used for further purchasing GPUs (NVIDIA H100 Tensor Core GPUs) to expand cloud operations. Upper90 is responsible for providing all the funds for this debt financing, and the additional GPU capacity is expected to be available to customers in the first quarter of 2024. Additionally, it has been reported that Upper90 is a hybrid credit fund company that specializes in providing financing solutions for startup technology companies.According to the crypto data platform RootData, Bitcoin mining company Crusoe Energy has raised over $630 million in total investments.

ChainCatcher news, according to CoinDesk, Bitcoin mining company Crusoe Energy has acquired mining company Great American Mining (GAM). Under the acquisition agreement, Crusoe will take over all of GAM's assets, including a 10MW power supply, approximately 4,000 ASIC miners, and more. (Source link)