Crusoe's 2025 Impact Report: Building sustainable intelligence

Eight years ago, Crusoe was founded on a simple conviction: the trajectory of human progress is inextricably linked to energy. That belief shaped everything we’ve built, and it shapes what we are building now.

In 2025, we formalized that conviction into a renewed mission to accelerate the abundance of energy and intelligence. Crusoe is now fully focused on what we believe is the defining infrastructure challenge of our time — building AI infrastructure to power the next era of human progress. Our milestones speak for themselves:

• Divested our Digital Flare Mitigation® business to focus on vertically integrated AI infrastructure
• Delivered the first phase of our 1.2 GW Abilene Stargate campus in under 12 months
• Doubled our team for the second consecutive year
• Closed a $1.375 billion Series E at a valuation exceeding $10 billion

We also took the opportunity to reassess our sustainability strategy, asking which environmental, social, and governance priorities matter most to the company we are today and the company we are building toward.

The result is a refreshed strategy organized around four pillars: 

• Our energy-first approach
• Responsible resource management
• Safeguarding and uplifting people
• A trusted ecosystem partner 

Crusoe's 2025 Impact Report is our most detailed account yet of what each of those commitments looks like in practice.

An energy-first foundation

Crusoe's energy philosophy didn't begin with data centers. It began in oil fields.

Our Digital Flare Mitigation^® business captured natural gas that would otherwise have been flared and converted it into electricity for modular data centers. Over the life of that business:

• Captured more than 27 billion cubic feet of natural gas
• Avoided 3.4 million metric tons of CO₂-equivalent emissions
• Generated 3.3 terawatt hours of electricity from energy that would otherwise have been wasted
• Achieved 99.9% methane destruction efficiency, versus a 91.1% industry average

We divested that business in 2025. The principle it was built on never changed: bring compute to where energy is, not the other way around. That same logic now underpins how we design, site, and operate hyperscale AI infrastructure.

Today, Crusoe is a vertically integrated AI infrastructure company. We design and build data centers, operate Crusoe^® Cloud, and manufacture critical electrical components in-house through Crusoe Industries. We have 3.0 gigawatts of active projects under development.

Crusoe^® Cloud electricity usage is matched 100% with renewable energy through virtual power purchase agreements, energy attribute certificates, and direct supply at our Iceland and Norway sites, where the grids run entirely on geothermal and/or hydroelectric generation. 

We're also investing in the clean firm power technologies the industry needs most:

• A gas-to-nuclear conversion with Blue Energy, targeting nuclear power by 2031
• 12 GWh of iron-air long-duration battery storage with Form Energy
• A first-of-its-kind second-life EV battery microgrid with Redwood Materials: 12 MW of solar paired with 63 MWh of repurposed battery capacity

Building responsibly

To meet unprecedented demand for AI infrastructure, Crusoe is building at a pace and scale the industry has rarely seen, without treating speed and responsibility as competing priorities.

The first phase of our Abilene Stargate campus — named 2025 North American Data Center Project of the Year — went from groundbreaking to operational in under 12 months, a record for greenfield hyperscale development. It was built to an annualized design Power Usage Effectiveness (PUE) of 1.2 to 1.4, well below the industry average of 1.54. Our 2026 Project Sustainability Requirements tighten that target further, to 1.1 to 1.25, and set standards across six categories for new projects from 2026 onward: site selection, materials, fuel use and emissions, energy performance, water conservation, and waste.

Water is a core focus area. Traditional large data centers can consume upwards of five million gallons per day through evaporative cooling – comparable to a town of 50,000 people. Crusoe-designed data centers use closed-loop, non-evaporative cooling: a sealed system that recirculates coolant continuously. After an initial fill, zero additional water is consumed for cooling during normal operations. This enables us to limit total annual water use across a 200 MW facility to approximately 910,000 gallons – comparable to fewer than 10 U.S. households.

The economic impact of our work extends well beyond the data center fence line:

• ~$1 billion in direct and indirect economic impact over 20 years from Abilene's first two buildings alone (Development Corporation of Abilene)
• Up to 25% of the City of Abilene's and up to 32% of Taylor County's FY2025 budgeted property tax revenue once the full campus is operational
• $20 billion+ in local investments and 13,000+ jobs supported across all Crusoe projects to date

People and community

Building at this pace requires people who are as committed to doing it responsibly as they are to doing it fast. This requires hiring the best talent and investing in our people. In 2025:

• Grew to 1,217 employees, more than doubling headcount for the second consecutive year
• Invested in our people through training and development: average training hours per employee grew to 53, more than double the hours logged in 2024
• Increased employee engagement score to 85% favorable, three points above the tech industry benchmark

Our presence in a community doesn't begin at groundbreaking and end at ribbon-cutting. We invest locally and have expanded our ability to engage meaningfully with the stakeholders who matter most to our long-term success:

In Abilene alone:

• $30,000 donated to 12 rural volunteer fire districts
• 6,500+ pounds of food contributed to the West Abilene Food Bank's holiday drive
• Technology upgrades funded for the Abilene Police Department

In Iceland, we co-sponsored the planting of 65,000 trees over five years to support Reykjanesbær's reforestation goals. Globally, Crusoe employees logged more than 700 volunteer hours supporting 19 nonprofits in 2025.

We are also hiring on-the-ground community liaisons in every market where we are developing data centers so we can be responsive to the needs of the communities that host our infrastructure.

Operating with integrity

Our relationships with customers, communities, suppliers, and investors are built on trust. That trust is earned through how we protect data, make decisions, treat the people we do business with, and show up in the communities where we build. 

In 2025, we continued to strengthen that foundation, by enhancing our policies, advancing our security and responsible AI certifications, and deepening our engagement with the stakeholders who matter most:

• Crusoe is one of the first AI-focused cloud providers to hold both ISO 27001 and ISO 42001 certifications simultaneously; meaning our security management and responsible AI practices are governed under the same level of independent scrutiny
• Updated our Code of Conduct and expect to roll out company-wide training in 2026
• Continued active participation in industry dialogue and public policy engagement on topics related to AI, AI infrastructure, and energy
• Actively engage with communities and maintain open lines of communication

Looking ahead

Crusoe is building the AI infrastructure the world needs — at speed, and with the responsibility that scale demands. That means designing for efficiency and resilience, operating with safety and integrity, and showing up as a genuine partner to the communities where we build. This report reflects the foundation we've laid. The next chapter is already underway:

• A second 900 MW campus in Abilene developed with Microsoft, bringing our total Abilene footprint to 2.1 GW
• Continued development of a 900 MW campus in Claude, Texas
• 2026 Project Sustainability Requirements now in effect across all new builds
• Continued investment in frontier energy technologies, from small modular nuclear to large-scale battery storage

We're proud of what we've built and excited about what comes next. Read more in our 2025 Impact Report.