Crusoe signs $13 billion cloud deal with Jane Street - Bloomberg

Crusoe, a data center company providing AI computing power to Meta Platforms and Oracle, has signed a significant cloud contract with trading firm Jane Street Group, valued at approximately $13 billion. This five-year agreement will supply Jane Street with advanced AI chips, known as GPUs, along with necessary infrastructure for AI training and inference through Crusoe's cloud platform.

Bloomberg reported the deal last week, stating that Crusoe was pursuing a chip loan backed by Jane Street's contracts. Jane Street is the most prominent customer Crusoe has secured for its cloud business, which generated additional interest in the company's recent fundraising effort. The company is reportedly discussing raising around $3 billion at an estimated valuation of $30 billion, as first reported by Bloomberg in July.