Crusoe Raises $11.6 Billion for Texas Data Center Expansion

Crusoe has secured a significant financing boost of $11.6 billion for its expansion of a data center in Texas, which will be used by OpenAI to power their ChatGPT model’s computational demands. This project’s total investment stands at $15 billion after this latest funding round. The expanded facility, set to feature eight buildings, is expected to utilize up to 50,000 Nvidia Blackwell chips per building, significantly enhancing the data center’s capacity for handling complex computations.