Crusoe secures $750 million credit facility from Brookfield to accelerate AI infrastructure development

Crusoe announced a $750 million credit facility from Brookfield Asset Management to support its Artificial Intelligence (AI) infrastructure initiatives. This financing will primarily facilitate the growth and expansion of Crusoe's AI factories, including its dedicated AI data centers and cloud platform.

Brookfield's investment reflects the increasing demand for AI infrastructure. Chase Lochmiller, CEO and co-founder of Crusoe, stated, “This new credit facility from Brookfield provides us with the capital needed to accelerate the buildout of new AI factories.” This funding will enhance Crusoe's capability to serve customers in large-scale AI projects.

Brookfield expressed its commitment to partnering with Crusoe, citing their shared focus on powering critical AI infrastructure. Eric Wittleder, Deputy CIO of Brookfield’s Infrastructure Debt business, said this collaboration aligns with Brookfield’s investment philosophy and supports Crusoe’s expansion in the AI sector.

This funding follows previous financial rounds, including a $600 million Series D in December 2024 and a recent $225 million credit facility from Upper90. The additional capital aims to meet the global demand for AI compute power, marking yet another step in Crusoe's development of energy-efficient AI solutions.