This story is from October 3, 2026. For the latest, see today's news.
Chase Lochmiller, CEO of Crusoe Energy, sits down to discuss the economics and strategy behind building AI . Crusoe has raised $6.4 billion in total funding, including a $3.9 billion Series F at a $30.9 billion valuation, backed by investors including NVIDIA, Founders Fund, and others.
The interview covers Crusoe's pivot from Bitcoin mining to AI infrastructure, the real bottlenecks in data center scaling, and why Lochmiller believes conventional wisdom on depreciation and energy costs is often wrong. Topics include why 50% of planned data centers may never be built, the economics of selling capacity versus , and how older GPUs may retain value longer than expected.
Lochmiller also addresses political and practical challenges facing the data center industry, including water use debates, energy demand myths, and margins across different parts of the AI infrastructure stack.
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