Google acquires Crusoe’s unfinished Wyoming data center project
Google has acquired Crusoe’s unfinished data center development in southeastern Wyoming and will take over construction of the campus. Google said it plans to invest $17 billion in developing the site, although neither company disclosed the amount Google paid Crusoe for the project.
Crusoe, the Denver-based data center developer, had announced the Wyoming project last year with Blackstone-backed infrastructure company Tallgrass. The partners had planned for the development eventually to reach 10 gigawatts of power capacity.
Google takes control of the development
Google had been a prospective customer for the Wyoming project, but Crusoe did not secure it for that role. The company is now assuming development responsibility after reportedly raising concerns about the project’s cost and construction timetable under Crusoe’s management.
The transaction underscores a central constraint in the rapid build-out of AI infrastructure: a large proposed campus is not the same as a completed, available facility. Developers must secure power and equipment while managing construction delivery, and local opposition can add further complexity to major data center projects.
Crusoe retains major AI infrastructure work
The Wyoming sale does not end the companies’ relationship. Crusoe is developing another data center for Google near Amarillo, Texas. Its broader portfolio includes a campus in Abilene, Texas, being built in phases for Oracle and OpenAI, plus a separate 900-megawatt campus next door for Microsoft. The first Microsoft building is expected to come online in mid-2027.
Crusoe also counts Meta among its customers, while Bloomberg reported that trading firm Jane Street signed a $13 billion, five-year cloud agreement with the company. Crusoe generates revenue by leasing data center space to customers bringing their own GPUs, renting its own GPUs, and selling inference compute for running AI models.
Funding continues despite the project change
The Wyoming development was first reported as a sale candidate by Bloomberg in June. Crusoe nevertheless raised $3.9 billion in September, following the expansion described in Crusoe’s data center and modular AI-factory expansion through its data center and modular AI-factory plans.
Founded by CEO Chase Lochmiller and Cully Cavness as a cryptocurrency-mining business using natural gas that otherwise would have been flared, Crusoe has expanded into large-scale AI computing infrastructure. For businesses procuring AI capacity, the practical implication is to evaluate a provider’s delivered power, equipment supply and construction milestones alongside announced campus scale.