Data center operator Crusoe is in talks to raise $3 billion in funding, which could increase its valuation to $300 billion.

BlockBeats News, July 4th, according to Bloomberg citing people familiar with the matter, Crusoe is in talks to conduct a funding round of about $3 billion, with the company's valuation expected to triple from the previous level. Crusoe is an emerging data center operator that has signed contracts with Meta and Oracle, among other companies, to provide them with AI computing power.

The sources said the company focuses on building and operating large data centers that support AI systems' operations. The current financing negotiations are still actively ongoing, and the final valuation has not been determined yet. As the discussions have not been made public, the sources requested anonymity.

However, investors expect that after taking into account the new funding in this round, Crusoe's valuation will reach around $30 billion. For comparison, the company was valued at about $10 billion last October.

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