Crusoe

Methane slashing compute clusters.

About

Founded

2018

Headquarters

Denver, Colorado

Industry

Climate, Cryptocurrency

Company Description

Crusoe exists to bring energy to ideas. We are the pioneers of clean computing infrastructure that reduces both the costs and the environmental impact of the world’s expanding digital economy. By unlocking stranded sources of energy to power cloud and data center services, we are creating the climate-aligned future of compute-intensive innovation that reduces rather than adds to emissions. The world’s appetite for computation, energy, and progress will never stop growing. Crusoe is here to bring energy to ideas in ways that are aligned with the needs of our climate.

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Funding

Total Raised

$508 million

Valuation

$1.75 billion

Significant Investors

G2 Venture Partners, Founders Fund, Felicis Ventures, Valor Equity Partners, Bain Capital Ventures, Lowercarbon Capital, MCJ Collective, Winklevoss Capital, Zigg Capital, Coalition Ventures

Company Traction

  • As of June 2023, Crusoe claims its technology avoids 7x times the CO2 compared to an equivalent-sized solar system.
  • As of April 2022, Crusoe’s 86 Digital Flare Mitigation data centers have prevented ~2.5 billion cubic feet of flaring and achieved up to 99.89% elimination of methane emissions.
  • As of April 2022, Crusoe claims its deployed fleet of flare-eliminating data centers can reduce 650,000 metric tons of CO2 equivalent emissions per year.

Leadership Team

  • Chase Lochmiller: Co-Founder & CEO of Crusoe. Former General Partner at Polychain Capital.
  • Cully Cavness: Co-Founder, President, and COO of Crusoe. Former VP of Finance at Highlands Natural Resources.
  • Nitin Perumbeti: CTO at Crusoe. Former Project Manager at Polychain Capital.
  • Tara Green: Chief People Officer at Crusoe. Former VP of People at Aurora. 

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