Crusoe Sells Unfinished Wyoming AI Data Center Project to Google, Which Plans $17B Investment

Crusoe, the Denver-based data center developer recently valued at $30.9 billion, has confirmed that it has sold an unfinished data center project in southeastern Wyoming to Google.

Crusoe had tried and failed to sign Google as a customer for the site, and Google is taking over development after reportedly raising concerns about cost and construction timelines under Crusoe’s management. Announced last year with Blackstone-backed Tallgrass, the project was planned to eventually reach 10 gigawatts of capacity. Google did not disclose the price but said it will invest $17 billion to develop the campus.

The deal underlines how difficult it is for independent developers to deliver massive AI projects on time and on budget, given challenges in securing equipment and power and growing local opposition.

Google continues to work with Crusoe, which is developing another data center for it near Amarillo, Texas. Crusoe also serves Oracle and OpenAI at its Abilene, Texas, campus, is building a 900-megawatt campus for Microsoft and counts Meta as a customer, while Jane Street reportedly signed a $13 billion cloud deal with the company.

Founded by CEO Chase Lochmiller and Cully Cavness, Crusoe secured $3.9 billion in September and added Redwood Materials founder JB Straubel to its board.