Keep pulling the thread on Chase Lochmiller.
Crusoe is building a data center campus in Abilene, Texas, to support workloads for OpenAI and Oracle.
The first two buildings of Crusoe's Abilene, Texas data center campus are operational and running large workloads for OpenAI.
Crusoe signed an expansion agreement with Oracle and OpenAI to build six additional data center buildings at its Abilene, Texas campus.
The total power capacity of Crusoe's data center campus in Abilene, Texas is 1.2 gigawatts, equivalent to the power usage of the city of Denver.
The first eight buildings of Crusoe's Abilene campus is a project valued at approximately $15 billion.
Crusoe funded its $15 billion Abilene project with construction debt from J.P. Morgan and project equity from Blue Owl.
Crusoe currently has a development pipeline of approximately 45 gigawatts.
US data center electricity consumption is projected to triple by the end of the decade to over 600 terawatt-hours, representing about 12% of national demand.
Crusoe is a vertically integrated AI infrastructure business that manages land and power development, data center development, GPU cluster deployment, and managed inference services.
The scale of data centers being built for large GPU clusters represents an order of magnitude increase in complexity, cooling, and networking requirements compared to previous generations.
Chase Lochmiller believes that energy availability will become the primary bottleneck for the widespread adoption of AI, as GPUs require significantly more power than traditional CPU workloads.
Crusoe was able to deliver its first data center facilities in 11 months, compared to the next closest bid of two and a half years for a 100-megawatt project.