How much did Google pay Crusoe for the Wyoming project?

Google did not disclose how much it paid Crusoe for the unfinished project.

Does Crusoe still work with Google after the sale?

Yes, Crusoe is developing another data center for Google near Amarillo, Texas.

What was the original plan for the Wyoming project?

Crusoe initially announced the project last year with Blackstone-backed infrastructure company Tallgrass, planning to eventually scale it to 10 gigawatts of power capacity.

AI Business & IndustryTechCrunch AI14h agoNov 7, 2026, 13:00 JST

Crusoe sells Wyoming data center to Google after $30.9B valuation

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3 Key Points

What happened
Crusoe confirmed Friday it sold its unfinished southeastern Wyoming data center project to Google, which had tried and failed to land as a customer and is now investing $17 billion to develop the campus.
Why it matters
The deal shows how hard it is for independent data center developers to deliver massive projects on time and within budget, given equipment and power challenges and growing local opposition.

WHO IT HITSIndependent data center developers and their backers face pressure to prove they can deliver large projects on schedule, while hyperscalers like Google may increasingly step in to take over stalled builds.

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Context & Analysis

Crusoe had initially announced the Wyoming project last year with Blackstone-backed infrastructure company Tallgrass, aiming to eventually scale it to 10 gigawatts of power capacity. But Google reportedly raised concerns about its cost and construction timeline under Crusoe's management, and Google—which Crusoe had tried and failed to land as a customer—is now taking over the development with plans to invest $17 billion.

The setback did not stop Crusoe from raising a $3.9 billion round in September, and the company remains deeply tied to major AI players. Its campus in Abilene, Texas, is being built in phases for Oracle and OpenAI, it is constructing a separate 900-megawatt campus next door for Microsoft, and Meta is also a customer. Bloomberg reported that trading firm Jane Street signed a $13 billion, five-year cloud deal with Crusoe.

Crusoe was founded by Chase Lochmiller, now CEO, and Cully Cavness, starting as a cryptocurrency-mining business powered by natural gas that would otherwise have been burned off. In September, alongside its funding round, it added three board members, including JB Straubel, the Redwood Materials founder and Tesla board member who invested in Crusoe in 2021.

FAQ

How much did Google pay Crusoe for the Wyoming project?: Google did not disclose how much it paid Crusoe for the unfinished project.
Does Crusoe still work with Google after the sale?: Yes, Crusoe is developing another data center for Google near Amarillo, Texas.
What was the original plan for the Wyoming project?: Crusoe initially announced the project last year with Blackstone-backed infrastructure company Tallgrass, planning to eventually scale it to 10 gigawatts of power capacity.

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