TechFlow, October 25 — According to GlobeNewswire, AI infrastructure company Crusoe announced the initial close of a $1.375 billion Series E funding round, co-led by Valor Equity Partners and Mubadala Capital, with participation from 137 Ventures, 1789 Capital, Activate Capital, Altimeter Capital, Fidelity Management & Research Company, Founders Fund, Franklin Templeton, and others. The new capital will be used for the development of its data centers.
Earlier, Crusoe had been involved in Bitcoin mining operations and received investments from several cryptocurrency industry firms, but in March of this year sold its Bitcoin mining business to NYDIG.
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