Google Acquires Unfinished Crusoe Data Center Project in Wyoming
Crusoe, a Denver-based data center developer valued at $30.9 billion, has sold its unfinished southeastern Wyoming data center project to Google. While Crusoe originally planned the site with Blackstone-backed Tallgrass to reach 10 gigawatts of capacity, Google reportedly stepped in to take over development following concerns regarding construction timelines and costs under Crusoe's management. Google plans to invest $17 billion into developing the data center campus. Despite the sale, the relationship between the two companies remains intact, as Crusoe continues to develop a separate facility for Google near Amarillo, Texas. The transaction underscores the significant logistical hurdles independent developers face in securing power and equipment for massive AI infrastructure projects.
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Topics: AI Infrastructure Asset Sale Cloud Infrastructure Data Center Development