Crusoe Debt, Lenders and Contracts
The public financings and compute contracts naming Crusoe, with lenders, pricing and sources.
Crusoe has raised $10.8B in 7 public debt and structured financings since 2023, from 10 named lenders. Leads include JPMorgan, Upper90, Brookfield and 2 more.
Profile
| Type | AI campus developer |
| Headquarters | San Francisco, CA |
| Website | crusoe.ai |
Financings (7)
| Date | Amount | Type | Lenders | Pricing | Source |
|---|---|---|---|---|---|
| Sep 10, 2026 | $509M | DDTL | Goldman Sachs | price talk SOFR + 4.75-5.00%, 0% floor, OID 98.5 | Octus |
| Aug 27, 2025 | $175M | GPU-backed facility | Victory Park Capital | - | Pulse 2.0 |
| Jun 11, 2025 | $750M | Other | Brookfield | - | Crusoe |
| May 22, 2025 | $7.1B | Construction loan | JPMorgan | - | Bloomberg |
| Mar 27, 2025 | $225M | GPU-backed facility | Upper90 +5 | - | Crusoe / Upper90 |
| Jan 2025 | $2.3B | Construction loan | JPMorgan | - | Commercial Observer |
| Oct 23, 2023 | $200M | GPU-backed facility | Upper90 | - | Crusoe |
Other financings
| Date | Amount | Type | Lender | Detail | Source |
|---|---|---|---|---|---|
| 2025 | n/d | JV equity | Blue Owl Capital, Primary Digital Infrastructure | JV equity for the Abilene campus | Converge Digest |
Sites
| Site | Location | MW | Status |
|---|---|---|---|
| Abilene campusOn the Lancium Clean Campus; Oracle for OpenAI | Abilene, TX | 1.2 GW | AI/HPC |
MW as reported: some figures are gross power, some critical IT. Sources: Cointelegraph, Crusoe, Converge Digest.
AI leases and deals
| Date | Counterparty | Deal | Value | Source |
|---|---|---|---|---|
| 2025 | Oracle / OpenAI | Abilene AI campus, eight buildings, 1.2 GW | n/d | Crusoe |
Inference
Crusoe serves open-weight models through a large public LLM router. Rank is by tokens of other labs' open-weight models in the 7 days to Oct 9, 2026. Crusoe models and prices.
| Provider | Open-weight models | Rank, 7 days | Top models |
|---|---|---|---|
| Crusoe | 6 | #31 | GLM 5.3, DeepSeek V4.1 Flash, GLM 5.3 Flash |
Discuss a transaction
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