Crusoe Secures $750m Credit Facility from Brookfield

Crusoe  this week announced it has secured a $750 million credit facility from Brookfield Asset Management, through its infrastructure debt platform to fuel its data center and cloud build-out. The financing will primarily be deployed to fuel the development of Crusoe’s planned data centers and AI cloud platform.

"The demand for AI infrastructure is growing exponentially, and this new credit facility from Brookfield provides us with the capital needed to accelerate the build-out of new AI factories," said Chase Lochmiller, CEO and co-founder of Crusoe. "Brookfield’s commitment validates Crusoe’s demonstrated ability to rapidly develop and deliver critical infrastructure to the largest AI projects in the world. This funding will enable us to expand our footprint, and continue to provide our customers and partners with the best-in-class solutions they need to innovate and scale."

“We are excited to partner with Crusoe, a company at the forefront of powering the critical infrastructure needed for AI, including one of the world's largest AI data centers in Abilene, Texas,” added Eric Wittleder, deputy CIO of Brookfield’s Infrastructure Debt business. “Crusoe’s ability to provide backbone infrastructure solutions at scale aligns perfectly with our investment philosophy, and we look forward to supporting their continued expansion and impact in the rapidly evolving AI landscape.”