Crusoe closed a $3.9 billion Series F late-stage follow-on round at a $30.9 billion valuation led by Atreides Management, Mubadala Capital and Valor Equity Partners, with more than two dozen other participants including Nvidia, Salesforce Ventures and Robinhood Ventures Fund. The Denver-based AI data center builder reported Crusoe Cloud annualized revenue grew by more than 20x over the past year, with its Managed Inference service topping $100 million in annualized recurring revenue within a year of launch, and its flagship projects include a 1.2-gigawatt campus in Abilene, Texas for Oracle to host OpenAI workloads and a nearby 900-megawatt site for Microsoft. The article did not disclose a specific use of proceeds, but the company is focused on expanding its gigawatt-scale campus buildout and in-house manufacturing of electrical components alongside its containerized Spark compute modules and Crusoe Cloud platform.