Crusoe

Crusoe is an AI infrastructure company that started by capturing stranded and flared natural gas to power computing, and has evolved into a builder of large-scale, energy-optimized AI data centers. It develops gigawatt-class campuses — including facilities tied to the Stargate program — and positions energy sourcing and efficiency as the core constraint it solves for AI compute.

Founded in 2018, Crusoe originally used otherwise-flared natural gas at oil fields to run modular data centers, an approach branded as reducing emissions while monetizing wasted energy. That energy-first DNA became a strategic advantage as power availability emerged as the binding limit on AI expansion.

Crusoe pivoted to become a vertically integrated AI infrastructure developer, building and operating large data-center campuses optimized for GPU workloads and power efficiency. It has been associated with major buildouts, including capacity connected to the OpenAI-anchored Stargate program in Texas.

Backed by significant venture and infrastructure capital, Crusoe competes in the fast-growing field of AI-specialized data-center developers, where the ability to secure power, land, and cooling at gigawatt scale — faster than incumbents — is the differentiator. Its energy focus distinguishes it from traditional colocation REITs.