Bitcoin miner Crusoe Energy has announced a significant new deal with energy tech company Lancium to construct a data center for artificial intelligence in Texas. This multibillion-dollar agreement aims to build a 200-megawatt facility, marking a substantial step in the evolution of AI infrastructure.

Crusoe Energy is renowned for utilizing wasted natural gas to power its Bitcoin mining operations. The company revealed that this project is merely the “first phase” of a broader initiative, which will eventually support AI workloads across a 1.2 GW power capacity at the Lancium Clean Campus. Each completed data center building is expected to house up to 100,000 GPUs on a single integrated network fabric, greatly enhancing AI training and inference capabilities.

Chase Lochmiller, Crusoe’s co-founder and chief executive, emphasized that the data center is designed to support some of the world’s largest clusters of GPUs. This infrastructure aims to accelerate advancements in the AI sector, making it a pivotal development for both companies involved.

“Given its leadership in renewable energy and plans for the site, working with Lancium in Abilene presents a unique opportunity to sustainably power the future of AI,” Lochmiller stated. The support of the city in this ambitious endeavor is crucial for its success.

The Lancium data center is expected to be operational by 2025, although the exact timeline is still uncertain. Crusoe Energy, founded in 2018 by Chase Lochmiller and Cully Cavness, has a history of innovative energy solutions. In April 2022, the company secured $350 million in a Series C equity round led by G2 Venture Partners, with contributions from Polychain Capital, Bain Capital Ventures, Founders Fund, and Winklevoss Capital.

For those interested in the intersection of cryptocurrencies, investing, and finance, this development highlights the growing synergy between sustainable energy practices and advanced technological applications. Stay updated on the latest trends and news in the world of cryptocurrency by exploring more on Global Crypto News.

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