Crusoe Secures $13B Cloud Deal with Quant Trading Firm Jane Street
Crusoe, an AI infrastructure company that shifted its focus from Bitcoin mining to data centers in 2024, has reportedly secured a massive $13 billion cloud computing deal with Jane Street, a quantitative trading firm.
This agreement would surpass Jane Street's previous infrastructure commitments and rank among the largest cloud computing contracts in history.
Crusoe has been rapidly expanding its AI compute capacity, contracting 5 gigawatts across its facilities and boasting a development pipeline exceeding 40 GW. Its Abilene, Texas campus is a hub for AI infrastructure buildout, with Oracle and OpenAI's Stargate project also operating there.
Jane Street has been investing heavily in strategic leasing arrangements, including green bond financing projects. Crusoe's heritage in energy arbitrage makes it a natural partner for this kind of arrangement.