CrusoeTranslation site

Company Overview

• Date and place of establishment: Crusoe was founded on August 23, 2018 and is based in Colorado, USA.
• Main businessCrusoe's primary business includes building and operating modular data centers that provide customers with ultra-high performance and specialized computing power. The company is also committed to turning underutilized energy sources into energy efficient, low carbon and clean energy sources to support infrastructure operations.

History and Transformation

• Initial operationsCrusoe was originally launched as a cryptocurrency business, using natural gas that was supposed to be "burned off" to power its data centers. These data centers are primarily used for mining Bitcoin and have been deployed in a number of states, including North Dakota, Colorado, and Montana.
• Transformation and Expansion: With the rise of generative AI technology, the market demand for high-performance computing resources has surged.Crusoe has gradually expanded its business from mining to AI and high-performance computing, with theartificial intelligence (AI)The company entered into an agreement to provide high-performance computing and artificial intelligence infrastructure.

Financing

• seed round: On May 3, 2019, Crusoe closed a $4.5 million seed round of financing from Bain Capital Ventures, Winklevoss Capital, and others.
• Series A: On December 7, 2019, the company secured $70 million in Series A funding from investors including Bain Capital Ventures, KCK Founders Fund, and others.
• B round: On April 27, 2021, Crusoe closed a $168 million Series B round of financing from investors including Upper90, Valor Equity Partners and others.
• C round: On April 21, 2022, the company secured $350 million in Series C funding, valuing the company at $1.75 billion, from investors including G2VP, Bain Capital Ventures and others.
• debt financing: On October 23, 2023, Crusoe secured $200 million in debt financing from Upper90.
• D round: On November 22, 2024, Crusoe closed a $686 million Series D round of financing from Founders Fund and Felicis Ventures.

Environmental Practice and Social Responsibility

• Crusoe is committed to combining the future of computing with the future of climate by unlocking waste energy to power cryptocurrencies, clouds, and data centers.
• The company employs low-carbon and clean energy sources to support infrastructure operations, such as reusing under-burned natural gas and renewable energy to power its data centers.
• Crusoe's use of waste natural gas has reduced flaring by billions of cubic feet to date, and the reduction in methane emissions in 2022 is equivalent to removing approximately 170,000 gasoline-powered vehicles from the road.

Partners and Business Layout

• Crusoe has partnered with a number of well-known companies and organizations, including HPE, NVIDIA, and others.
• The company has multiple data centers in North America and plans to further expand its operations and technology development.

Honors and Rankings

• On April 18, 2023, Crusoe was listed on the 2023-Hurun Global Unicorn List at #611 with an enterprise valuation of RMB 12.5 billion.
• On April 9, 2024, Crusoe was ranked 647th on the 2024-Hurun Global Unicorn List with an enterprise valuation of RMB 13 billion.