Data center firm Crusoe has joined a multi-billion-dollar joint venture (JV) to build out a data center campus in Texas. The company, along with alternative asset manager Blue Owl Capital and data center advisory and investor firm Primary Digital, this week announced the $3.4 billion JV to fund purpose-built data center capacity at the Lancium Clean Campus in Abilene, Texas.
“Rapidly expanding demand for purpose-built data centers proves that markets know the future will be powered by AI,” said Chase Lochmiller, CEO and co-founder of Crusoe. “We've designed this data center to enable the largest clusters of GPUs in the world that will drive new breakthroughs in AI. An investment of this magnitude from a leading, trusted asset manager like Blue Owl and Primary Digital Infrastructure is a reflection of Crusoe’s proven ability to meet growing demand for AI compute, and to power these workloads sustainably.”
“We are thrilled to be part of this joint venture as we see continued growth in cloud computing and increased investor interest in AI-related technologies. We want to assist our corporate partners by deploying meaningful capital in support of high-quality hyperscale data center assets across the US and abroad,” said Marc Zahr, co-president and global head of real estate at Blue Owl Capital.
