Crusoe Private Market Data · Verified October 9, 2026
Valuation reflects IPO CLUB research based on news, broker data, research reports and press releases. Private-market information may change.
This company is in the pipeline of America 2030, IPO CLUB’s short-term, actively managed secondary fund focused on U.S. defense, energy, security, and AI.
Updated in September 2026
Crusoe is a private company based in Denver, Colorado. It has no stock ticker and has not announced an IPO. In September 2026 it raised a $3 billion Series F at a $30 billion valuation.
Headquarter: Denver, Colorado, USA
Year Founded: 2018
Leadership: Chase Lochmiller
Industry Sectors: Energy infrastructure; Cloud computing; AI data centers; Flare gas mitigation; Sustainable computing
Funding Round: Series F (over $3B, September 2026), co-led by Atreides Management and Valor Equity Partners; previously Series E ($1,375M, October 2025)
Is Crusoe A Public Company? No, it is currently private
What Is Crusoe?
Crusoe Energy Systems is a U.S.-based energy and computing infrastructure company founded in 2018 by Chase Lochmiller and Cully Cavness, with headquarters in Denver, Colorado. The company was created to address the environmental and economic waste of unused energy, particularly natural gas flaring, by converting stranded or underutilized energy into productive compute. Crusoe’s mission is to align the future of computing with cleaner energy, reducing emissions while powering energy-intensive workloads such as AI and cloud computing.
In early 2026 Crusoe announced a new 900 MW AI factory campus in Abilene, Texas to support Microsoft AI infrastructure, alongside a 12 GWh iron-air battery supply agreement with Form Energy for its data centers.
In late June 2026, Crusoe secured a landmark 1.6 GW compute capacity deal with Meta, positioning the company as a primary infrastructure partner in hyperscaler AI buildouts.
Technology & Products
Crusoe’s core technology is its Digital Flare Mitigation (DFM) system, which deploys modular, mobile data centers directly at energy sites where natural gas would otherwise be flared or vented. These systems generate electricity onsite and use it to power high-performance computing infrastructure, including AI, cloud, and blockchain workloads. Building on this foundation, Crusoe has expanded into large-scale AI data center development, designing energy-efficient facilities that integrate flexible power sourcing, advanced cooling, and modular infrastructure. The company combines energy engineering with compute optimization to deliver lower-cost, lower-emissions computing.
Market Opportunity
Crusoe operates at the intersection of the energy transition and AI infrastructure markets, both of which are experiencing rapid growth. Global demand for AI compute and data center capacity is accelerating, while regulators and energy producers face increasing pressure to reduce methane emissions and flaring. Crusoe’s model addresses both challenges simultaneously by transforming wasted energy into valuable digital infrastructure. The company targets hyperscalers, AI developers, and energy producers, positioning itself to benefit from rising AI demand and tightening environmental standards.
Competitive Landscape
Crusoe competes with traditional data center developers, energy optimization firms, and alternative flare mitigation technologies. Its key differentiation lies in its vertically integrated approach, combining energy capture, power generation, and compute infrastructure into a single deployable system. While large incumbents benefit from scale and capital intensity, Crusoe positions itself as a next-generation infrastructure provider purpose-built for a world where energy efficiency, emissions reduction, and AI-scale computing are increasingly intertwined.
How To Buy Crusoe Stock?
Crusoe is currently a private company and is not publicly traded on major stock exchanges like the NASDAQ or NYSE. This means you can buy shares through a pre-IPO platform or brokerage like IPO CLUB by becoming a FREE MEMBER.
FAQ
Last updated:
What is Crusoe's valuation?
IPO CLUB research tracks Crusoe's valuation in the Private Market Data section at the top of this page, updated whenever our research changes.
- Crusoe is private, so there is no public share price. Secondary transactions, when they happen, are limited and illiquid.
Who has invested in Crusoe?
Investors in Crusoe include Atredis, Valor, Founders Fund, Fidelity, Long Journey Ventures, Ribbit Capital.
How can I invest in Crusoe pre-IPO through IPO CLUB?
Crusoe access on IPO CLUB is typically offered to accredited investors via curated secondary allocations, including the America 2030 Fund and Single-Name SPVs.
- You need to qualify as an accredited investor to participate.
- Availability depends on secondary supply and seller willingness.
- Access is provided through the America 2030 Fund or Single-Name SPVs.
Do you currently have access to Crusoe shares?
Crusoe availability on IPO CLUB can change and is generally limited to Single-Name SPVs.
- To check if Crusoe is currently on offer, register or log in to the IPO CLUB membership area and open Live Deals.
- Secondary allocations may open or close depending on seller participation.
- Access is provided through the America 2030 Fund or Single-Name SPVs.
Is Crusoe publicly traded, and does it have a stock ticker?
No. Crusoe is a private company, so it has no stock ticker, no stock symbol and no public share price.
- There is no public-market quote or ticker for Crusoe.
- Transactions, if available, are generally secondary and may be illiquid.
- Access is provided through the America 2030 Fund or Single-Name SPVs.
When is the Crusoe IPO?
Crusoe has not announced an IPO or a listing date.
- No IPO date is guaranteed or required for a secondary allocation.
- Timing can depend on market conditions and company decisions.
- Access is provided through the America 2030 Fund or Single-Name SPVs.
What security types are typically used for Crusoe transactions on IPO CLUB?
Crusoe exposure on IPO CLUB is typically provided to accredited investors through structured vehicles such as the America 2030 Fund and Single-Name SPVs used for curated secondary allocations.
- Single-Name SPVs are commonly used to pool investor participation.
- Member exposure is to an interest in the relevant vehicle, not necessarily direct shares.
- Final structure can vary by allocation and seller terms.
What are the risks of buying Crusoe pre-IPO shares?
Crusoe pre-IPO investing can be illiquid and high-risk, and IPO CLUB access is limited to accredited investors via curated secondary allocations through the America 2030 Fund and Single-Name SPVs.
- Liquidity risk: you may not be able to sell quickly or at a desired price.
- Execution risk: transfers can be delayed or blocked by restrictions.
- Timing risk: there may be no IPO or liquidity event on a predictable schedule.
Why might a Crusoe allocation not be confirmed?
Crusoe allocations can fail to confirm due to limited secondary supply, transfer restrictions, or changing seller terms.
- Supply can be oversubscribed or withdrawn by sellers.
- Transfer approvals or documentation issues can prevent closing.
- Allocation sizing can change based on final secondary availability.
Explore the future of data centers and their environmental impact, as computing demands skyrocket. Learn how Crusoe Energy, with HPE's partnership, is innovating energy-efficient solutions to tackle the world's most energy-intensive computing challenges.
Crusoe and America 2030 Latest News
This company is in the pipeline of America 2030, IPO CLUB’s short-term, actively managed secondary fund focused on U.S. defense, energy, security, and AI.
Read IPO CLUB’s latest Crusoe coverage.
More in Energy: Newcleo, Redwood Materials, TerraPower and Aalo. See the Energy sector overview.
Sources:
Crusoe (Official), "Crusoe, the AI Factory Company, Raising $1.375 Billion at a Valuation Above $10 Billion to Power the Future of AI Infrastructure" (October 2025):
Axios, "Crusoe Raising Series E at $10B+ Valuation" (October 23, 2025):
Data Center Dynamics, "Crusoe Raises $1.375bn in Latest Funding Round" (October 2025):
Yahoo Finance, "Crusoe, the AI Factory Company, Raising $1.375 Billion at a Valuation Above $10 Billion" (October 2025):
Crusoe (Official), "Crusoe's Contracted AI Infrastructure Capacity Approaches 5 Gigawatts Across Data Centers and Cloud":
TechTimes, "Crusoe AI in $3 Billion Talks: AI Power Plant Builder Triples to $30 Billion Valuation" (July 3, 2026):
Bloomberg, "Crusoe Raises Over $3 Billion in Funding at $30 Billion Valuation" (September 3, 2026): https://www.bloomberg.com/news/articles/2026-09-03/crusoe-raises-over-3-billion-in-funding-at-30-billion-valuation
TechCrunch, "Crusoe reportedly raises $3B at a $30B valuation" (September 3, 2026): https://techcrunch.com/2026/09/03/crusoe-reportedly-raises-3b-at-a-30b-valuation/
Contrary Research, "Crusoe Business Breakdown & Founding Story":
