Key Points
- Crusoe Energy and Lancium have signed a multibillion-dollar deal to construct a data center for AI in Texas.
- The data center, powered by wasted natural gas, will be the first phase of a larger project aiming at boosting AI workloads.
Crusoe Energy, an early adopter of using wasted natural gas for Bitcoin (BTC) mining, has teamed up with Lancium, an energy tech company. The two companies have inked a multibillion-dollar agreement to establish a data center dedicated to artificial intelligence (AI) in Texas.
Details of the Project
Crusoe Energy revealed that the construction of the data center is the initial phase of a larger project. The goal is to expand the data center to support AI workloads on a large scale across 1.2 GW of power capacity at the Lancium Clean Campus. Once completed, each data center building will be capable of operating up to 100,000 GPUs on a single integrated network fabric. This setup will significantly enhance the scale for AI training and inference workloads, according to Crusoe Energy.
Chase Lochmiller, Crusoe’s co-founder and CEO, stated that the data center has been designed to house the “largest clusters of GPUs in the world”. This is aimed at accelerating advances in the AI sector. He expressed excitement about the collaboration with Lancium in Abilene due to its leadership in renewable energy and plans for the site. However, the exact timeframe for the completion of the Lancium data center, which is expected to be energized in 2025, remains uncertain.
About Crusoe Energy
Crusoe Energy was established in 2018 by Chase Lochmiller and Cully Cavness. The company is dedicated to using wasted natural gas for powering Bitcoin mining operations. In April 2022, Crusoe Energy secured a $350 million Series C equity round, which was led by G2 Venture Partners. Other participants in the funding round included Polychain Capital, Bain Capital Ventures, Founders Fund, and Winklevoss Capital, among others.
