As a researcher with a background in technology and sustainability, I’m excited about Crusoe Energy’s latest announcement of their multibillion-dollar deal with Lancium to build a massive AI data center in Texas. Crusoe Energy has been a pioneer in the Bitcoin mining industry, utilizing wasted natural gas to power its operations since its founding in 2018 by Chase Lochmiller and Cully Cavness.
Bitcoin mining firm Crusoe Energy unveiled a significant new business agreement with technology company Lancium, worth billions of dollars, to construct an AI-focused data center in the Lone Star State of Texas.
Crusoe Energy System, an American Bitcoin mining company known for utilizing wasted natural gas to run its operations since the inception, unveiled a significant business agreement with Lancium on Thursday. The deal aims to construct a 200-megawatt data center in Texas specifically designed for artificial intelligence applications. This collaboration is estimated to be worth several billion dollars.
In the press release, Crusoe announced that the ongoing construction is merely the initial stage of their data center project, planned to grow and accommodate AI workloads with a power capacity of 1.2 GW at the Lancium Clean Campus. Upon completion, each data center structure will have the capability to run up to 100,000 GPUs on a unified network fabric, leading to a substantial increase in AI training and inference capabilities, according to Crusoe.
Chase Lochmiller, co-founder and CEO of Crusoe Energy Systems, shares that both companies aimed to create a data center capable of hosting the “most extensive collections of GPUs globally” to expedite advancements in artificial intelligence.
As a crypto investor excited about the future of sustainable technology and AI, collaborating with Lancium in Abilene feels like an exceptional opportunity. With their commitment to renewable energy and ambitious plans for the site, I’m eagerly looking forward to powering my digital assets with clean energy sourced from this data center. The city’s backing further strengthens our resolve to make a positive impact on the environment while pushing the boundaries of innovation. The projected activation of the Lancium data center in 2025 adds another layer of anticipation, though the exact timeline is still uncertain.
As a crypto investor, I’m excited about Crusoe Energy, a company founded in 2018 by Chase Lochmiller and Cully Cavness. They have an innovative approach to utilizing natural gas that would otherwise go to waste, and they use it to power Bitcoin mining activities. In April 2022, Crusoe managed to close a massive Series C equity round, raising $350 million. This funding was led by G2 Venture Partners, with significant contributions from Polychain Capital, Bain Capital Ventures, Founders Fund, and Winklevoss Capital, among others. I believe in their mission and see great potential in their business model.
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2024-07-18 17:04