TLDR
- Meta has signed new contracts with data center developer Crusoe for AI computing power
- The deals cover two sites: Childress, Texas and Warrenton, Missouri
- Combined capacity across the two locations totals roughly 1.6 gigawatts
- Financial terms and delivery timelines have not been disclosed
- The move is part of Meta’s pledge to spend $600 billion on U.S. infrastructure over three years
Meta Platforms stock climbed 1.7% on Thursday before slipping 0.4% in after-hours trading, as Bloomberg News reported the company has struck new agreements with data center developer Crusoe for AI computing capacity.
The contracts will give Meta access to infrastructure at two Crusoe-operated facilities — one in Childress, Texas, and another in Warrenton, Missouri.
Together, the two sites are expected to supply Meta with around 1.6 gigawatts of combined computing capacity. To put that in context, a single gigawatt can power roughly 750,000 U.S. homes.
The exact dollar value of the contracts has not been disclosed. It’s also not yet clear when the capacity will be fully delivered and operational.
Bloomberg cited people familiar with the matter, who requested anonymity due to the confidential nature of the discussions. Neither Meta nor Crusoe responded to requests for comment.
Meta’s Broader Infrastructure Push
The Crusoe deal fits into a much larger spending commitment Meta has made. The company has pledged to invest $600 billion in U.S. infrastructure and jobs over the next three years.
That spending is designed to support CEO Mark Zuckerberg’s push into AI agent technologies, which require massive amounts of computing power to develop and run.
Meta is not alone here. Across Big Tech, companies have been pouring billions into AI data centers as global demand for advanced computing hardware continues to outpace supply.
The Crusoe contracts represent Meta’s latest move to lock down that capacity before it runs out.
What We Know About Crusoe
Crusoe is a data center developer that has been building out facilities to meet growing AI infrastructure demand. The two sites involved in Meta’s deal — Childress and Warrenton — have not had their full specs publicly detailed beyond the combined 1.6 gigawatt figure.
Meta has been expanding its data center footprint aggressively. The Crusoe deal adds to a string of infrastructure moves the company has made as it races to build the backbone for its AI products.
There is no word yet on whether additional contracts between the two companies are being discussed.
The Bloomberg report was first published Thursday evening. As of Friday, neither company had issued an official statement on the deal.
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