Crusoe sells troubled Wyoming data center project to Google
Crusoe, a Denver-based data center developer valued at $30.9 billion, confirmed it sold its unfinished southeastern Wyoming data center project to Google after failing to land Google as a customer — reportedly over cost and construction-timeline concerns. The project, announced last year with Blackstone-backed Tallgrass, was meant to scale to 10 gigawatts; Google won't disclose the purchase price but says it will invest $17 billion to develop the campus. Crusoe still builds for Google near Amarillo, Texas, raised a $3.9 billion round in September, and is constructing a separate 900-megawatt campus for Microsoft in Abilene with the first building expected mid-2027.
Why: Concrete takeaway for anyone buying GPU or inference capacity for 2027: the independent developer promising a 10GW Wyoming campus couldn't deliver it on Crusoe's timeline, and the buyer with the deepest pockets took it over. Treat neocloud capacity dates as soft — put delivery penalties, fallback providers, or reserved-capacity clauses into contracts rather than planning product launches around a single lessor's construction schedule. Note also that Crusoe's remaining big builds (Oracle/OpenAI in Abilene, Microsoft's 900MW next door) are effectively hyperscaler-controlled capacity, so supply and pricing for smaller buyers keep consolidating.