Crusoe Sells Wyoming Data Center Project to Google
Google steps in to finish the Wyoming site after Crusoe faced cost and timeline issues.
TL;DR
- Crusoe sold its unfinished Wyoming data center to Google.
- Google will invest $17 billion after raising concerns over costs and schedule.
- Crusoe still raised $3.9 billion in September and holds a $30.9 billion valuation.
Crusoe sold its unfinished Wyoming data center project to Google. The Denver startup had struggled to advance the site.
Crusoe and Tallgrass announced the project last year with plans to scale it to 10 gigawatts. Google had passed on becoming a customer before taking over development.
Google plans to invest $17 billion in the campus but did not disclose the purchase price. The move highlights the challenges independent developers face with big projects, including equipment, power, and local opposition.
Crusoe is still building a separate data center for Google near Amarillo, Texas.
The Wyoming sale first appeared in June reports. It did not slow the company, which raised $3.9 billion in September at a $30.9 billion valuation.
Crusoe leases space to GPU-owning customers, rents its own chips, and sells inference compute. Its Abilene campus serves Oracle and OpenAI in phases. A 900-megawatt site next door is for Microsoft, with the first building due mid-2027. Meta and Jane Street are also customers.
The Tea
Even well-funded players are hitting walls on massive AI builds. When Google has to step in and finish the job, it signals that scaling data centers is turning into a costly, complicated mess.