Crusoe Touts 5 Gigawatts’ Worth of Data Centers Deals, Pauses Wyoming Site

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(Bloomberg) — Crusoe, a developer of data centers for companies like OpenAI and Microsoft Corp., said it has contracts for almost 5 gigawatts of capacity, even though it has paused work on a significant project in Wyoming.

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Crusoe was working with Blackstone Inc.-backed energy company Tallgrass to develop a 1.8-gigawatt campus in Cheyenne, Wyoming, for an undisclosed tenant. “At the request of our customer, Crusoe has paused its development activities” on the site, the company said Tuesday in a statement.

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The 4.9 gigawatts of contracted capacity includes the flagship site of OpenAI and Oracle Corp.’s Stargate project in Abilene, Texas. The first two buildings are up and running and six more are under construction, for a total of 1.2 gigawatts, Crusoe said in a statement. A gigawatt is enough electricity to power about 750,000 US homes at any one time.

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Microsoft Corp. is Crusoe’s customer for an extension of the Stargate campus to provide an additional 900 megawatts. Ground was recently broken on that site, Crusoe said.

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Denver-based Crusoe also has contracts for two other large campuses in Texas and one in Missouri. One of the two Texas projects is in Claude, near Amarillo, where a local TV station has reported Google will occupy the site. Crusoe declined to name the tenants for any of those projects or for the paused Wyoming site. 

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Founded in 2018, Crusoe specializes in big data center projects for artificial intelligence work. The 4.9 gigawatt-total also includes capacity for the company’s own cloud service. 

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The total project pipeline — including contracts, sites in discussions with tenants and sites under advanced development — is more than 40 gigawatts, Crusoe said. 

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