Crusoe has raised $3 billion at a $30 billion valuation in a round co-led by Atreides Management and Valor Equity Partners, with participation from Mubadala Capital, Bloomberg reported. The financing comes 10 months after the company raised $1.38 billion at a $10 billion valuation last October. Crusoe recently signed a reported five-year, $13 billion cloud contract to supply Jane Street with GPUs and AI infrastructure, although the headline value depends on two extensions and additional capacity. Founded in 2018 as a flare-gas-powered crypto mining operation, Crusoe has shifted into AI infrastructure and cloud services for customers including Meta, Microsoft, OpenAI and Oracle. The company has also met with Goldman Sachs and Morgan Stanley about a potential near-term IPO, Axios reported last month.