Compute · the Ledger · Equity stake
Crusoe, Blue Owl and Primary Digital enter the second phase of a $15B joint venture to fund the 1.2 GW Abilene, Texas AI campus
Signed · announced 21 May 2025 · the week to 23 May 2025
- Size
- $15B
- Power
- 1.2 GW
- GPUs
- GB200-NVL72
$15B is the joint venture's project funding headline; the release gives no debt/equity split.
The parties
- Crusoecompany pageInvestor
- Blue Owl CapitalInvestor
- Primary Digital InfrastructureInvestor
The source
Crusoe press release, 2025-05-21Company press release
Phase 1 over 200 MW (two buildings); Phase 2 adds six buildings to 1.2 GW, energized mid-2026; each building runs up to 50,000 GB200 NVL72 GPUs. The three jointly sponsor construction of six new buildings (release wording). Accelerator as stated: NVIDIA GB200 NVL72.
The same parties, other deals
- Crusoe holds the initial closing of an anticipated $3.9B Series F at a $30.9B post-money valuation$3.9B · 17 Sept 2026
- Perplexity signs a multi-year agreement to train and serve its models on Crusoe Cloud GB300 NVL72 clustersundisclosed · 15 Sept 2026
- Meta and Blue Owl form an 80/20 JV for the Hyperion campus in Louisiana; Meta leases it from 2029 with a residual value guarantee$12.3B · 21 Oct 2025