AI startup Crusoe Energy is raising $500 million at a $3 billion valuation

On October 31, AI infrastructure company Crusoe Energy is close to closing an approximately $500 million equity round led by billionaire Peter Thiel's FoundersFund. The round brings the company's valuation to $3 billion, double what it was two years ago. This comes just weeks after Crusoe Energy announced a $3.4 billion joint venture agreement with Lancium Clean Campus to build a data center in Texas.