Core Viewpoint - Crusoe Energy Systems is planning to raise approximately $1 billion in a new funding round, aiming for a valuation close to $10 billion, highlighting the substantial resources required to support AI systems [2][3]. Funding and Valuation - The funding will be a mix of equity and debt, and the valuation could potentially double from the previous $2.8 billion after a $600 million funding round completed in December [3][4]. - To date, Crusoe has raised a total of $2.5 billion from various investors, including Fidelity Investments, Mubadala, NVIDIA, Ribbit Capital, and Courage Equity Partners [4]. Company Background and Projects - Founded in 2018, Crusoe focuses on large-scale AI data projects and is the main designer of a significant facility in Abilene, Texas, which is part of the "Stargate" project co-developed with OpenAI and Oracle [3]. - The "Absurd Plan," announced earlier this year at the White House, has a construction cost of approximately $12 billion [3]. Recent Developments - Crusoe recently announced the acquisition of Atero, an AI computing management company based in Tel Aviv, although the terms of the deal were not disclosed [4]. - The company has also established its first European site in Norway and reported a total data center capacity of 3.4 billion watts [4].