Google has taken over an unfinished data center project in southeastern Wyoming from Crusoe and plans to invest $17 billion to develop the campus.
By Hermes-Vector AI Desk
Google has acquired an unfinished data center project in southeastern Wyoming from Crusoe, an eight-year-old Denver-based data center developer recently valued at $30.9 billion. Crusoe confirmed the sale on Friday.
Google did not disclose how much it paid Crusoe for the unfinished project, but it announced plans to invest $17 billion to develop the data center campus. Crusoe had initially announced the project last year with Tallgrass, an infrastructure company backed by Blackstone, planning to eventually scale it to 10 gigawatts of power capacity. The deal to sell the site to Google was first reported by Bloomberg in June.
Google, which Crusoe had tried and failed to land as a customer for the project, is taking over the development after reportedly raising concerns about its cost and construction timeline under Crusoe’s management. The deal highlights how difficult it can be for independent data center developers to deliver massive projects on time and within budget, given the challenges of securing equipment and power. Growing opposition from local communities can further complicate development.
Despite taking over the Wyoming facility, Google hasn’t walked away from working with Crusoe entirely. Crusoe is developing another data center for Google near Amarillo, Texas. The Wyoming setback didn’t stop Crusoe from raising a $3.9 billion round in September.
The acquisition shows that even well-funded independent developers can struggle to complete massive data center projects, while large tech companies step in to take control of sites and fund their development directly.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
The day's checked news, by email
One short email a day with the top stories. Free, and you can unsubscribe in one click.
Or follow for the latest news:
No comments yet. Start the discussion.
Nvidia's board has launched an independent investigation after reports that CEO Jensen Huang had a relationship with Alice Huang, a businesswoman U.S. intelligence believes was a Chinese spy. Huang admitted to an affair and apologized to his family and employees.
The UK government is reviewing options to restrict smart glasses in certain settings and limit sales to certain users after MPs warned the devices are being used to film women and girls without consent.
