Doha, Qatar and Denver, Colorado – September 17, 2026 – QIA today announced its participation as a strategic investor in Crusoe’s $3.9 billion Series F funding round, at a $30.9 billion post-money valuation. The financing was led by Atreides Management, Mubadala Capital, and Valor Equity Partners, alongside Founders Fund, GIC, NVIDIA, Radical Ventures, and TPG.
Crusoe builds AI infrastructure using an energy-first strategy, originating and managing power directly at the source. The financing will support the company’s efforts to scale its existing AI infrastructure programs and support the build out of its own AI factories, from large-scale, vertically integrated campuses to modular Crusoe Spark units, fueling the growth of its Crusoe Cloud capabilities. By operating the entire value chain, Crusoe serves its customers with both speed and quality results.
As AI adoption continues to accelerate, the energy-efficient infrastructure landscape remains increasingly important. QIA’s investment in Crusoe reflects its long-term commitment to backing innovative technology companies building the infrastructure needed to support the next phase of AI adoption, while driving greater efficiency across power and infrastructure.
About Crusoe
As the AI factory company, Crusoe is on a mission to accelerate the abundance of energy and intelligence. The company provides a reliable, scalable, cost-effective, energy-first solution for AI infrastructure. By harnessing large-scale energy sources, building AI-optimized data centers, and delivering a powerful AI cloud platform, Crusoe empowers its customers and partners to build the future faster.
For more information, visit crusoe.ai .