Robinhood Backs AI Infrastructure Firm Crusoe at $30.9 Billion Valuation

Retail investment platform Robinhood has placed a bet on Crusoe, an AI infrastructure firm valued at $30.9 billion after a recent funding round.

The investment comes as part of Robinhood's Ventures Fund I, which invested around $25 million in Crusoe's preferred stock as part of its $3.9 billion Series F financing round.

Crusoe has shifted its focus from Bitcoin mining to building power-hungry data centers for artificial intelligence, with a total contracted value exceeding $140 billion and 6 gigawatts of gross contracted capacity.