Crusoe CEO: Every single customer we talk to is compute-constrained right now

Crusoe co-founder and CEO Chase Lochmiller discusses the rapid expansion of AI infrastructure following a $1.4 billion funding round that valued the company at over $10 billion. As a key provider for massive projects like the Stargate data center campus, Crusoe addresses the critical energy bottleneck by strategically locating "AI factories" in energy-rich regions like Abilene, Texas, where renewable power is abundant and often underutilized. While the industry faces questions regarding rapid hardware depreciation, demand remains high for both cutting-edge Blackwell chips and previous generations like Hopper to support insatiable compute needs. This energy-first approach shifts the focus of data center development away from traditional hubs like Northern Virginia toward states like Louisiana and Wyoming. Ultimately, the massive capital investment from major tech firms reflects a long-term commitment to scaling energy and intelligence as interdependent resources for the AI boom.