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'Neocloud' Crusoe nears stock sale for employees at $13 billion valuation, The Information reports
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'Neocloud' Crusoe nears stock sale for employees at $13 billion valuation, The Information reports
Nov 5, 2025 12:32 PM

Nov 5 (Reuters) - Artificial intelligence infrastructure

startup Crusoe, which is developing a large data center in Texas

for Oracle and OpenAI, is arranging an employee share

sale that values the firm at around $13 billion, The Information

reported on Wednesday.

The deal involves selling around $120 million worth of

employee shares and would value them at a 30% premium to an

equity funding round Crusoe announced just weeks ago, the report

said, citing people familiar with the matter.

Crusoe did not immediately respond to a Reuters request for

comment.

Last month, Crusoe said it was raising $1.38 billion at a

valuation of about $10 billion from an anticipated Series E

funding round.

That round was co-led by Valor Equity Partners and Mubadala

Capital, and included Nvidia ( NVDA ), Fidelity Management and

Founders Fund as some of its major investors.

The Denver-based company, which was involved in building

OpenAI's first big data centre in the U.S., has raised about

$3.9 billion since its inception in 2018.

The first phase of its 1.2 gigawatt data center campus in

Abilene, Texas, was live just one year after construction began,

it had announced in September.

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