Google took direct control of the southeastern Wyoming project, which Crusoe originally launched alongside Blackstone-backed Tallgrass, and announced plans to inject $17 billion into the campus. The deal came after Google initially declined to sign on as an off-taker due to delivery schedule and expense worries. Despite offloading the site, Crusoe maintains a separate Texas data center partnership with Google and holds significant momentum with a recent valuation of $30.9 billion.
Key points
Independent data center operators face significant development obstacles ranging from equ…: Independent data center operators face significant development obstacles ranging from equipment shortages to local community resistance.
Crusoe maintains commercial momentum through major infrastructure contracts with tech gia…: Crusoe maintains commercial momentum through major infrastructure contracts with tech giants including Google, Meta, Oracle, and OpenAI.
The firm has successfully pivoted from natural gas cryptocurrency mining into large-scale…: The firm has successfully pivoted from natural gas cryptocurrency mining into large-scale artificial intelligence compute and space leasing.
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Crusoe, an eight-year-old, Denver-based data center developer recently valued at $30.9 billion, confirmed Friday it has sold an unfinished data center project in southeastern Wyoming to Google.
Google, which Crusoe had tried and failed to land as a customer for the project, is taking over the development after reportedly raising concerns about its cost and construction timeline under Crusoe’s management.
Crusoe initially announced the project last year with Blackstone-backed infrastructure company Tallgrass, planning to eventually scale it to 10 gigawatts of power capacity.
Google did not disclose how much it paid Crusoe for the unfinished project, bu it announced plans to invest $17 billion to develop the data center campus.
The deal highlights how difficult it can be for independent data center developers to deliver massive projects on time and within budget, given the challenges of securing equipment and power. Growing opposition from local communities can further complicate development.
Despite taking over the Wyoming facility, Google hasn’t walked away from working with Crusoe entirely. Crusoe is developing another data center for Google near Amarillo, Texas.
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