Crusoe

Crusoe is the first vertically integrated cloud computing infrastructure provider specifically developed for artificial intelligence (AI) applications. Founded in 2018 in San Francisco, United States, the company aims to provide environmentally sustainable solutions to the growing energy demands of AI by operating data centers that utilize renewable and stranded energy resources.

Founders

Crusoe was founded by Chase Lochmiller and Cully Cavness. Chase Lochmiller serves as the CEO and previously worked in the field of algorithmic trading systems. Cully Cavness has expertise in energy engineering and field operations. Their combined experience in the technology and energy sectors laid the foundation for Crusoe’s model, which integrates data processing with energy production.

Technological Infrastructure

Crusoe’s data centers are equipped with high-density GPUs (Graphics Processing Units). These centers use direct-to-chip liquid cooling, AI-optimized networking, and advanced monitoring systems. The infrastructure is designed specifically for compute-intensive AI workloads, such as large language models.

As of 2025, the company’s data center capacity has reached 1.35 gigawatts, operating over 450,000 GPUs across 4.2 million square feet of infrastructure.

Energy-Based Solutions

Crusoe has developed two innovative systems to balance energy production and consumption:

• Digital Flare Mitigation (DFM): Converts flared natural gas from oil fields into electricity and uses it to power modular data centers on-site, reducing methane emissions and minimizing environmental impact.
• Digital Renewable Optimization (DRO): Utilizes on-site renewable energy sources such as wind, solar, and geothermal power, preventing transmission losses and aligning energy generation with computational consumption.

Crusoe Cloud

Crusoe Cloud is a cloud computing platform optimized for artificial intelligence (AI) and machine learning (ML) applications. It offers GPU-based high-performance infrastructure, enterprise-grade support, and scalable compute resources. As of 2025, Crusoe Cloud guarantees 99.98% uptime.

Pricing

Crusoe Cloud provides various GPU and CPU options with pricing models including on-demand, reserved instances, and spot access.

GPU Pricing (6-month reserved):

• NVIDIA H200 (141 GB): $3.22 / hour
• AMD MI300X (192 GB): $2.59 / hour
• NVIDIA A100 (80 GB PCIe): $1.24 / hour

Storage:

• Block storage: $0.09 / GB / month
• Shared disk: $0.07 / GB / month

Processors (CPU):

• General purpose: $0.03 / hour
• Storage optimized: $0.07 / hour
• Kubernetes cluster management: $0.10 / hour per cluster

Investments and Expansion

In December 2024, Crusoe raised $600 million in a Series D funding round led by Founders Fund, bringing its valuation to $2.8 billion. Participants included NVIDIA, Fidelity, Mubadala, and Ribbit Capital. The funding is directed toward expanding Crusoe Cloud and its data center infrastructure. A new 1.2-gigawatt facility is under construction in Abilene, Texas, contributing to the company’s total development capacity of 15 gigawatts.

Social Impact

In addition to reducing environmental impacts, Crusoe operates social programs aimed at addressing digital inequality. The company supports the distribution of donated laptops to low-income students and promotes digital literacy and STEM (Science, Technology, Engineering, Mathematics) education. By utilizing underused energy resources, Crusoe makes cloud services more accessible to small startups, providing broader access to AI development capabilities.