AI infrastructure company Crusoe completes initial fundraising of $1.375 billion in Series E financing, with participation from Franklin Templeton and others.

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According to Deep Tide TechFlow news on October 25, AI infrastructure company Crusoe announced the completion of the initial fundraising of $1.375 billion in Series E financing, co-led by Valor Equity Partners and Mubadala Capital, with participation from 137 Ventures, 1789 Capital, Activate Capital, Altimeter Capital, Fidelity Management & Research Company, Founders Fund, Franklin Templeton, and others. The new funds will be used for the construction of its data centers.

According to previous news, Crusoe Company had been involved in Bitcoin mining and received investments from several cryptocurrency companies, but sold its Bitcoin mining business to NYDIG in March of this year.

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