Crusoe exits Boom's $1.25 billion turbine deal, Scholl says

Crusoe began in 2018 as a bitcoin miner running on excess natural gas from oil fields, and it has since become one of the biggest builders of AI data centers, including a large campus in Abilene, Texas. The $1.25 billion order was meant to make it the first buyer of Boom's stationary power plants, a business launched last year around an engine sharing about 80% of its parts with Boom's Symphony engine. For Boom, the appeal was funding: it raised $300 million last year largely to commercialize the new business, with profits intended to help finance its supersonic jet work. Losing the launch customer therefore matters less as a loss of revenue than as a test of whether the turbine business can stand on other buyers. Boom's own numbers suggest a path: Scholl said the company will deliver about 250MW of Superpowers next year to other sites and is targeting 1GW in 2028. Meanwhile Crusoe is keeping its own options open, saying it chooses energy solutions site by site, including turbines, wind, solar, batteries and the grid. Whether that breadth helps or hurts Boom hinges on whether those other buyers sign at the volumes the plan assumes.