Crusoe plans to expand its AI infrastructure, having recently increased its AI data center capacity in Abilene, Texas, to 1.2 gigawatts. The company also announced a joint venture with Engine No. 1 to develop large-scale data center campuses across the US. This shift comes after Crusoe raised $600 million in a Series D funding round, valuing the company at $2.8 billion. NYDIG aims to enhance its role in supporting Bitcoin's proof-of-work security through this acquisition.
Key takeaways:
- NYDIG is acquiring Crusoe Energy's Bitcoin mining business, including 425 modular data centers across the US and Argentina.
- Crusoe Energy is shifting its focus from Bitcoin mining to artificial intelligence, as AI has become the majority of its revenue.
- Crusoe recently expanded its AI data center in Abilene, Texas, and announced a joint venture to develop large-scale AI data center campuses across the US.
- NYDIG aims to enhance its role in supporting Bitcoin's proof-of-work security through the acquisition of Crusoe's Bitcoin mining business.