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The Markets Desk — Week 43 · Sun 25 Oct 2026
Compute / the Ledger · 3 deals

Who is paying whom for compute.

Every deal dated, typed in plain words, and linked to the document it comes from.

The compute board
A steel receipt spike with a copper collar, holding a roll of paper slips.
The LedgerRead against its source

Deals with crusoe as a party. Show every company

Compute deals, newest first
AnnouncedDealPartiesTypeValueTermsSource
17 Sept 2026Crusoe holds the initial closing of an anticipated $3.9B Series F at a $30.9B post-money valuationSignedCo-led by Atreides Management, Mubadala Capital and Valor Equity Partners, with Founders Fund, GIC, NVIDIA, Qatar Investment Authority, Radical Ventures and TPG among new and existing investors. Crusoe states over $140B in total contracted value across its platform. Proceeds are to scale existing programs and build its own AI factories, from large campuses to modular Crusoe Spark units, and Crusoe Cloud.
  • Crusoe Took the investment
  • Atreides Management Investor
  • Mubadala Capital Investor
  • Valor Equity Partners Investor
  • NVIDIA Investor
Equity stake$3.9BInitial closing of an anticipated $3.9B round; $30.9B post-money valuationCrusoe press release, 2026-09-17Company press release
15 Sept 2026Perplexity signs a multi-year agreement to train and serve its models on Crusoe Cloud GB300 NVL72 clustersSignedMulti-year partnership: Perplexity trains frontier models on Crusoe's dedicated NVIDIA GB300 NVL72 clusters with InfiniBand and serves them through Crusoe's Managed Inference service. Crusoe also adopts Perplexity Enterprise Pro and Max for its 1,800 employees. No value, capacity, GPU count or term is stated.
  • Perplexity Buyer
  • Crusoe Provider
Capacity contractundisclosedCrusoe press release, 2026-09-15Company press release
21 May 2025Crusoe, Blue Owl and Primary Digital enter the second phase of a $15B joint venture to fund the 1.2 GW Abilene, Texas AI campusSignedPhase 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.
  • Crusoe Investor
  • Blue Owl Capital Investor
  • Primary Digital Infrastructure Investor
Equity stake$15B$15B is the joint venture's project funding headline; the release gives no debt/equity split.1,200 MWGB200-NVL72Crusoe press release, 2025-05-21Company press release

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How the Ledger is kept

  • Every row is a deal read in its source, and links to that source.
  • Every row says what kind of document it comes from: a regulatory filing, the company’s own release, an earnings call, or a news report. A news report stays a news report until a filing confirms it.
  • Values are the headline figures as the parties disclosed them, in US dollars, unadjusted. “Undisclosed” means they did not say.
  • The end date is the start plus the term, worked out here — it is not a reported figure.
  • Facts only. The Ledger holds no view on any deal.