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Crusoe lands $11.6B to expand Texas AI data hub

Crusoe raised $11.6 billion to accelerate the second phase of its 1.2GW AI data center in Abilene, Texas—an anchor site in OpenAI’s Stargate project. Crews began building six new facilities in March, aiming to power them by mid-2026. Each building will run up to 50,000 Nvidia GPUs, driving massive AI workloads with closed-loop liquid cooling and bringing major economic impact to the region.

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