The tech giant Google wound up purchasing a data center site it had previously declined to occupy as a tenant, completing one of AI infrastructure’s more unlikely ownership transfers.
Crusoe, the Denver-based AI factory company valued at $30.9 billion, confirmed the sale of its unfinished southeast Wyoming facility to Google on November 6, 2026.
Google had reportedly expressed reservations about the project’s cost and construction timeline while under Crusoe’s management, yet ultimately chose to acquire the asset outright rather than walk away.
Financial terms of the acquisition were not disclosed, though Google separately announced a long-term $17 billion investment commitment tied to the Laramie County campus.
That investment will involve a coalition of energy partners including Tallgrass Energy, Black Hills Energy, American Electric Power, and Related Digital, signaling the scale Google envisions for the site.
Crusoe had originally launched the Wyoming project alongside Blackstone-backed Tallgrass Energy in July 2025, with ambitions for the campus to eventually reach 10 gigawatts of capacity.
The development also incorporated a planned 702-megawatt fuel-cell installation supplied by Bloom Energy, underlining the project’s complex energy architecture from the outset.
Crusoe’s role through the pre-development phase covered site selection, securing governmental approvals, and shaping the power strategy before handing the project to its new owner.
Co-founder and CEO Chase Lochmiller framed the handoff as a natural conclusion to that preparatory work, saying “Crusoe’s pre-construction efforts – origination, entitlement, and de-risking – have set up the Wyoming project for construction and eventual operation.”
Bloomberg first surfaced the pending transaction back in June, but losing the Wyoming site did little to slow Crusoe’s fundraising momentum, as the company closed a $3.9 billion round just three months later in September.
The relationship between Crusoe and Google has not ended with the sale, as Crusoe continues to develop a separate data center facility for the search giant near Amarillo, Texas.
Lochmiller used the announcement to underscore the company’s broader ambitions, stating “Crusoe is in the business of activating gigawatts for intelligence. With more than 6 GW contracted and over 40 GW in our pipeline, we are eager to steward the development and energization of the foundational infrastructure of AI.”
Crusoe generates revenue through multiple channels, including leasing data center space to clients who supply their own GPUs, renting out its own GPU capacity, and selling inference compute used to power AI models.
The Wyoming outcome reflects how rapidly capital and control are shifting across the AI infrastructure landscape, with hyperscalers increasingly stepping in to own assets they once expected to simply rent.
