US EditionUpper90 Closes $225M Credit Facility to Crusoe to Expand AI Cloud Infrastructure
- Crusoe Energy is selling its bitcoin mining operations to NYDIG, as it shifts focus towards AI and technology.
- NYDIG will acquire more than 270 megawatts of power generation technology from Crusoe's bitcoin mining operations, becoming significantly involved in bitcoin's proof-of-work security.
- Crusoe will retain significant equity in the combined entity and plans to expand into AI and energy management technologies.
- Crusoe's bitcoin mining operations account for approximately 1% of the global bitcoin mining market and include over 20 sites across the U.S. And Argentina.
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Upper90 Closes $225M Credit Facility to Crusoe to Expand AI Cloud Infrastructure
NEW YORK, March 27, 2025 (GLOBE NEWSWIRE) -- Upper90 Capital Management, LP ("Upper90"), an asset-backed private credit firm, announced today the closing of an approximately $225 million credit facility for Crusoe, the industry's first vertically integrated AI infrastructure provider. The investment will be used to support the expansion of Crusoe Cloud, the company's scalable cloud platform purpose-built for enterprise AI workloads. The financin…
·New York, United States
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PR Newswire+24 Reposted by 24 other sources
NYDIG Expands Technology Capabilities with Acquisition of Crusoe's Bitcoin Mining Business
/PRNewswire/ -- NYDIG, a leading bitcoin and power firm, today announced it has entered into a definitive agreement to acquire Crusoe's Bitcoin mining...
·United States
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