Crusoe Secures $13 Billion Cloud Contract with Jane Street
Crusoe, a data‑center company that supplies AI computing power to Meta Platforms Inc. and Oracle Corp., has entered into a five‑year cloud agreement with the trading firm Jane Street Group. The contract is valued at approximately $13 billion and will provide Jane Street with clusters of advanced AI graphics processing units (GPUs) along with the supporting infrastructure required for AI model training and inference, all delivered through Crusoe’s cloud platform.
Related Financing Activities
According to Bloomberg, Crusoe has been seeking a chip‑loan that would be secured by its contracts with Jane Street. The firm is also in the midst of a fundraising round, discussing the raise of roughly $3 billion at an implied valuation of about $30 billion. The Jane Street deal, identified as the most prominent customer for Crusoe’s cloud business, has generated additional interest in this fundraising effort.
Source Attribution
The information is based on a Bloomberg report cited by multiple sources and was generated with AI assistance before editorial review.