AI NEWS PAGE DOSSIER
Stranded natural gas → bitcoin mining → giant AI factories → Stargate's Abilene campus.
Lochmiller co-founded Crusoe around the strange idea that wasted oilfield gas could power computing, scaled that energy-first model through cloud and data centers, broke ground on the giant Abilene AI campus, and turned Crusoe into a multi-gigawatt infrastructure company.
2018
Crusoe was founded in 2018 with an energy-first model that converted otherwise wasted natural gas into electricity for high-performance computing.
2022
Crusoe closed a $350 million Series C to accelerate expansion and scale the infrastructure business that had grown out of Digital Flare Mitigation.
RECEIPTS: Crusoefirst-party
2024
Crusoe broke ground in Abilene, Texas on the 1.2-gigawatt campus that would become the flagship Stargate AI data-center project.
RECEIPTS: Crusoefirst-party
Sep 30, 2025
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.
RECEIPTS: Crusoefirst-party
Jun 9, 2026
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.
RECEIPTS: Crusoefirst-party
Sep 17, 2026
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.
RECEIPTS: Crusoefirst-party