What happened
Data center developer Crusoe has reportedly raised $3 billion in a funding round that values the company at $30 billion.
TechCrunch reports the round came together after Crusoe secured a $13 billion contract with Jane Street.
Why it matters
The reported size of the raise and valuation suggests investors are placing large bets on single-purpose data center developers with major committed customers.
A $13 billion contract, if true, would give Crusoe substantial future revenue visibility, likely justifying the high valuation.
Key facts
Crusoe reportedly raised $3 billion at a $30 billion valuation.
The funding round reportedly followed a $13 billion contract with Jane Street.
TechCrunch published the report on September 4, 2026.
What to watch next
Whether Crusoe or Jane Street officially confirm the reported funding and contract terms.
Any details on how Crusoe plans to use the new capital to expand its data center capacity.