Crusoe sells troubled Wyoming data center project to Google
Summary
- Crusoe has sold its unfinished data center project in southeastern Wyoming to Google after facing cost and timeline concerns.
- Google plans to invest $17 billion to develop the acquired data center campus.
- Despite the Wyoming setback, Crusoe continues working with Google on another data center near Amarillo, Texas, and maintains massive projects for clients like Oracle, OpenAI, and Microsoft.
- Crusoe previously raised a $3.9 billion funding round in September and continues to expand its AI infrastructure footprint.
Why it matters
This acquisition illustrates the mounting challenges independent developers face in delivering massive AI infrastructure projects on time and within budget, while highlighting big tech's aggressive push to secure power and real estate.