AI infrastructure company Crusoe completes initial $1.375 billion Series E fundraising, with participation from Franklin Templeton and others

According to ChainCatcher, AI infrastructure company Crusoe has announced the initial closing of its $1.375 billion Series E funding round, co-led by Valor Equity Partners and Mubadala Capital, with participation from 137 Ventures, 1789 Capital, Activate Capital, Altimeter Capital, Fidelity Management & Research Company, Founders Fund, Franklin Templeton, among others. The new funds will be used for the construction of its data centers.

Previously, Crusoe had ventured into the bitcoin mining business and received investments from several crypto industry companies, but in March this year, it sold its bitcoin mining business to NYDIG.