Chase Lochmiller
STRANDED GAS → STARGATE
THE DEAL
Lochmiller co-founded Crusoe on the strange idea that wasted oilfield gas could power computing.
AT A GLANCE
THE ARCHIVE
History · cartoons · headlines
THE TIMELINE6 sourced events
HE TURNED WASTED OILFIELD GAS INTO AI COMPUTE
Lochmiller co-founded Crusoe on the strange idea that wasted oilfield gas could power computing. The energy-first model scaled to the 1.2-gigawatt Abilene campus — a flagship Stargate AI factory — and 4.9 GW under contract.
2018
HE STARTS COMPUTING NEXT TO WASTED NATURAL GAS
Crusoe was founded in 2018 with an energy-first model that converted otherwise wasted natural gas into electricity for high-performance computing.
2022
THE FLARE-GAS STARTUP RAISES $350 MILLION
Crusoe closed a $350 million Series C to accelerate expansion and scale the infrastructure business that had grown out of Digital Flare Mitigation.
SOURCES: Crusoefirst-party
2024
THEN THE OILFIELD COMPUTE COMPANY BREAKS GROUND ON STARGATE
Crusoe broke ground in Abilene, Texas on the 1.2-gigawatt campus that would become the flagship Stargate AI data-center project.
SOURCES: Crusoefirst-party
Sep 30, 2025
THE FLAGSHIP AI FACTORY GOES LIVE
Crusoe announced that the first phase of the Abilene campus was live on Oracle Cloud Infrastructure, turning the enormous construction project into operating AI capacity.
SOURCES: Crusoefirst-party
Jun 9, 2026
CRUSOE APPROACHES FIVE GIGAWATTS UNDER CONTRACT
Crusoe said it had contracted 4.9 GW of AI infrastructure across data-center projects and Crusoe Cloud, with a broader development pipeline above 40 GW.
SOURCES: Crusoefirst-party
Sep 17, 2026
THE AI-FACTORY COMPANY RAISES $3.9 BILLION
Crusoe announced the initial close of a $3.9 billion Series F at a $30.9 billion post-money valuation to expand its vertically integrated AI infrastructure platform.
SOURCES: Crusoefirst-party