According to CoinMeta, Crusoe has successfully transformed into a gigabit-level AI data center by utilizing the gases that oil and gas producers would otherwise burn as fuel for computing. Currently, the company has a contracted capacity of over 6GW, of which about 1GW is already in use. In September 2026, the company completed a $3.9 billion Series F financing round, raising its valuation to $30.9 billion, a significant increase from $10 billion a year prior. The total contract value of Crusoe exceeds $140 billion, and they have established a OpenAI campus in Abilene, Texas, for training Astra. Their strategy is to first secure power supplies and then build data centers on that basis.