Crusoe Energy Systems LLC

Crusoe Energy Systems LLC, commonly known as Crusoe, is a Denver, Colorado-based company founded in 2018. Its core business revolves around providing AI-optimized cloud infrastructure and sustainable computing solutions. The company's mission is to align the future of computing with environmental sustainability by reducing the environmental impact of energy-intensive AI workloads, particularly by eliminating natural gas flaring and emissions in the oil and gas industry.

Crusoe offers a range of products and services, including AI-optimized data centers and its Crusoe Cloud platform, which is a vertically integrated, sustainable AI cloud designed for training, fine-tuning, and running scaled inference models. Key technologies include Digital Flare Mitigation® (DFM), which captures otherwise wasted natural gas to convert it into electricity for modular data centers, and Digital Renewable Optimization (DRO), targeting behind-the-meter renewables. These solutions cater to market segments requiring high-performance computing (HPC) and AI workloads, while also assisting oil and gas companies in reducing their environmental footprint.

Led by co-founders Chase Lochmiller (CEO) and Cully Cavness (President and COO), Crusoe has rapidly expanded its market presence. In October 2025, the company reportedly secured $1.3 billion in Series E funding, valuing it at approximately $10 billion. A significant focus is on building large-scale AI data centers, such as a 1.2-gigawatt campus for OpenAI in Abilene, Texas, slated for completion by mid-2026. In March 2025, Crusoe divested its Bitcoin mining operations to concentrate solely on AI infrastructure, and has since introduced modular AI data centers known as Crusoe Spark to address diverse deployment needs.