Crusoe

Ed Ludlow

@EdLudlow

BREAKING: Oracle and OpenAI have scrapped plans to expand their flagship Stargate AI data center in Abilene, Texas after financing talks dragged and OpenAI’s needs shifted. The collapse opened the door for Meta to lease the expansion site from Crusoe — with Nvidia paying a $150M deposit and helping court Meta to keep its chips in the project. The original 4.5GW Oracle-OpenAI deal remains on track. Story with @BrodyFord_ @dinabass on @TheTerminal

Matt Loszak

@MattLoszak

Excited about this partnership. Crusoe has been an early supporter of new clean technologies to power their data centers. Grateful for their leadership on this front, and proud to be partnering with them! Cc @ChaseLochmiller, @Electron_Cowboy, @yasir_fission, @AaloAtomics, @CrusoeAI

Gary Marcus

@GaryMarcus

Seven challenges to the AI industry in the last 26 hours* 👉 Banks rejected SoftBank’s attempt to borrow again OpenAI stock 👉 Germany courts told Google that their LLMs can be held liable for untruths 👉 Senator Warren challenged the legitimacy of the SpaceX IPO 👉 Anthropic’s Fable Fiasco (already partly walked back) 👉 OpenAI has begun considering drastic price cuts, which make an already-hard to swallow profitability story harder to swallow 👉 Markets are rebelling against Oracle’s latest financing for AI 👉 Crusoe pauses its Wyoming AI campus under pressure. *Some happened previously but just came to light.

Seth Bannon

@sethbannon

Good day for the future of energy! Antora raises $550M to scale production of their thermal batteries on the same day Aalo Atomics partners with Crusoe to build the world's first AI data center powered by a small modular nuclear reactor. Fifty Years founders get it done!

Shay Boloor

@StockSavvyShay

$META has signed agreements with Crusoe for ~1.6GW of AI compute capacity across data center campuses in Texas and Missouri. The deal adds to Meta’s growing AI infrastructure footprint as it scales training and inference capacity. https://t.co/tkiwmoiOuk

Criterion Research

@PipelineFlows

Energy Transfer filed with the Texas RRC for the Duroc Power Plant line, a 2-mile, 24-inch gas lateral in Taylor County, TX, with a T-4 start date of August 3, 2026. The filing sits on the same permit as the in-service Stargate 24IN and Abilene 20 segments. Duroc Power Generation is a Crusoe project in the Abilene data center buildout. We assume this is part of the Stargate project, which pairs on-site gas turbines with grid power as it scales from ~1.2 GW toward 5 GW-plus. We track Texas RRC pipeline filings daily. https://t.co/ebe2UWSayy #NatGas #NatGas

Chase Lochmiller

Co-founder & CEO

Former quantitative trader at Jump Trading with degrees from MIT and Stanford; co-founded Crusoe in 2018 and serves as CEO and chairman of the board.

Cully Cavness

Co-founder & President

Third-generation Coloradan with an energy-finance background (Petrie Partners) and an Oxford MBA; co-founded Crusoe in 2018 and serves as president and chief strategy officer.

Former COO & CFO of MongoDB; now runs Crusoe’s operations and finance.

Ramesh Nampelly

VP, Head of Cloud Availability Platform Engineering

Previously at Saviynt · San Francisco Bay Area

Joined Jun 2026

Ken Struys

Sr Director of Engineering - Developer Experience

Previously at Reddit, Inc. · San Francisco, California, United States

Joined Jun 2026

Sandeep Zope

Senior Technical Director, Electrical Infrastructure and Manufacturing Integration.

Previously at Amazon Web Services (AWS) · Denver Metropolitan Area

Joined Jun 2026

Michael Hodgkinson

Director of Development

Previously at Valiance Capital · San Francisco, California, United States

Joined Jun 2026

Matthew Lu

Senior Director

Previously at CoreWeave · New York, New York, United States

Joined Jun 2026