TREE NEWS reports: Crusoe, a cloud computing provider and data center developer, has raised more than $3 billion in a funding round at a $30 billion valuation. The round was co-led by Atreides Management and Valor Equity Partners, with participation from Mubadala Capital.
Crusoe Raises Over $3B at $30B Valuation
AI take
Crusoe's massive raise signals that AI infrastructure remains a magnet for capital, even as data center costs balloon. The involvement of Mubadala points to continued sovereign wealth appetite for digital infrastructure. For the RWA sector, this underscores the growing value of physical assets like data centers as collateral and income-generating tokens. Watch whether this valuation pressure spurs more tokenized real-world asset offerings tied to AI compute.
Generated by AI for reference only.
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