Chase Lochmiller
Chase Lochmiller is co-founder, CEO and chairman of Crusoe, the AI factory company. He worked as a quant in high-frequency trading before co-founding Crusoe in 2018, and he holds a master's in computer science with a focus on AI. By 2021 the company ran 40 modular data centers powered by flared natural gas. In September 2025 Crusoe reported that the first phase of its Abilene campus, part of Stargate, was up and running on Oracle Cloud Infrastructure. In September 2026 Crusoe announced the initial closing of a $3.9 billion Series F at a $30.9 billion post-money valuation.
Timeline
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By 2018
Quant trading before Crusoe
He studies at MIT, works as a quant in high-frequency trading, and earns a graduate degree in machine learning from Stanford before co-founding Crusoe in 2018.
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2021
Modular data centers on flared gas
By 2021 Crusoe Energy operates 40 modular data centers powered by flared natural gas, a business he starts with Cully Cavness.
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2021
A Goldman Sachs honor
Goldman Sachs names him one of the 100 Most Intriguing Entrepreneurs of 2021 at its Builders + Innovators Summit.
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May 2024
A view on AI energy
By May 2024 he holds a master's in computer science with a focus on AI and has long understood AI's energy demands.
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September 2025–October 2025
Abilene campus and Series E
In September 2025 Crusoe reports that the first phase of its Abilene campus, part of Stargate, is up and running on Oracle Cloud Infrastructure. In October 2025 it announces a $1.375 billion Series E at a valuation above $10 billion, and its co-founder and CEO, Chase Lochmiller, is quoted in both announcements.
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September 2026
A $30.9 billion valuation
In September 2026 Crusoe announces the initial closing of its anticipated $3.9 billion Series F at a $30.9 billion post-money valuation.
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As of October 2026
Co-founder, CEO and chairman
He is co-founder, CEO and chairman of Crusoe, the AI factory company, as of September 2026.
Sources and credits
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- Crusoe Energy is tackling energy use for cryptocurrencies and data centers and greenhouse gas emissions | TechCrunch
- Crusoe’s AI power bet: data centers where energy’s cheap | Bain Capital Ventures
- Natural gas Bitcoin miner, now climate tech darling | Crusoe
- Crusoe honored by Goldman Sachs for entrepreneurship
- Crusoe Announces Flagship Abilene Data Center is Live
- Crusoe raises $1.375B at $10B valuation to power AI | Crusoe
- Crusoe Raises $3.9B Series F at a $30.9B Valuation for AI Infrastructure
- Crusoe Board Adds Cloudflare, Primary Digital Infrastructure, Tesla Leaders