Crusoe is reportedly in talks to raise about $3 billion in a new funding round that could triple its valuation to roughly $30 billion, according to Bloomberg News, which cited people familiar with the matter.
Crusoe did not respond to a request for comment, and no terms, structure or lead investors have been disclosed publicly.
That is a meaningful gap given the size of the number being discussed, and it means the eventual valuation, whatever form the round takes, could still shift by the time anything is signed.
The scale of the reported number is still striking against the backdrop of how quickly Crusoe has grown.
Less than a year separates its last confirmed valuation from a figure nearly three times higher, and that pace mirrors what has happened across the AI infrastructure sector more broadly, where capital has moved faster than the physical build-out of data centres it is meant to fund.
