Crusoe sells troubled Wyoming data center project to Google
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What happened
Crusoe, a Denver-based data center developer, sold its unfinished data center project in southeastern Wyoming to Google. Google plans to invest $17 billion to complete and develop the site. Crusoe had initially partnered with Tallgrass to build the project but was unable to secure Google as a customer for it. Despite the sale, Crusoe continues to build other large data centers for major technology companies.
Key details
- Crusoe was valued at $30.9 billion as of its recent funding round.
- The Wyoming data center was planned to eventually reach 10 gigawatts of power capacity.
- Google has not disclosed the purchase price for the unfinished site.
- Crusoe raised $3.9 billion in September after the Wyoming sale.
- Crusoe is developing additional data centers for Oracle, OpenAI, Microsoft, and Google in Texas.
Why it matters
Google now controls the Wyoming data center project and will direct a $17 billion investment into its development, affecting the local construction and technology landscape. Crusoe, despite losing this project, remains a key infrastructure provider for companies needing large-scale AI computing resources, including Oracle, OpenAI, Microsoft, and Meta. Customers and partners in the AI and cloud markets may see changes in project timelines, supplier relationships, and access to data center capacity as a result of this transaction.