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Crusoe Is on Track for $2 Billion in Revenue as the Data Center Backlash Builds

CEO Chase Lochmiller says better marketing can quell the political uproar. Crusoe just raised $3.9 billion and is racing ahead.

Tom Dotan's avatar
Tom Dotan
Sep 23, 2026
∙ Paid

The AI industry is growing faster than ever, and its future has never looked less certain.

No company embodies that contradiction better than Crusoe. The data center builder and cloud provider just raised $3.9 billion at a $30.9 billion valuation, led by Atreides Management, Valor Equity Partners, and Mubadala. And financials obtained by Newcomer show it’s on track for $2 billion in revenue this year.

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