Crusoe sells unfinished Wyoming data center project to Google

Crusoe, a Denver-based data center developer valued at $30.9 billion, has sold an unfinished project in southeastern Wyoming to Google. The eight-year-old company confirmed the deal, while Google said it plans to invest $17 billion to develop the site. The purchase price was not disclosed.

Crusoe originally announced the project with Tallgrass, an infrastructure company backed by Blackstone, and planned to expand it eventually to 10 gigawatts of power capacity. Google had been considered a potential customer but reportedly raised concerns about the project’s cost and construction schedule under Crusoe’s management. The transaction was first reported by Bloomberg in June.

The deal illustrates the difficulties independent developers face when building very large AI data centers, including securing equipment and electricity and addressing local opposition. Google continues to work with Crusoe on another facility near Amarillo, Texas. Crusoe also develops campuses for major technology companies, including Oracle, OpenAI, Microsoft and Meta. Its business includes leasing data center space, renting its own GPUs and selling computing capacity for AI inference. Despite the Wyoming setback, Crusoe raised $3.9 billion in September.