Crusoe cancels $1.25B Boom Supersonic turbine deal for AI data centre power
A developer that has just raised substantial capital stepping back from both a large on-site generation contract and a planned campus suggests that power strategy for AI data centres remains fluid, even among well-funded builders. Equipment suppliers, lenders, insurers and investors should treat contracted power commitments in this sector as less firm than headline deal values imply. Due diligence should test how dependent a project's economics are on a specific power arrangement and how easily that arrangement could change.
What Happened
Crusoe has walked away from a $1.25 billion agreement to buy 29 of Boom Supersonic's 42MW Superpower turbines. Boom's chief executive, Blake Scholl, wrote on X, in a line he later removed, that turbines were no longer part of Crusoe's near-term primary power mix at its Abilene site. The cancellation follows Crusoe's recent $3.9 billion fundraise and its June pause of a planned AI campus in Wyoming.
Why It Matters
A developer that has just raised substantial capital stepping back from both a large on-site generation contract and a planned campus suggests that power strategy for AI data centres remains fluid, even among well-funded builders. Equipment suppliers, lenders, insurers and investors should treat contracted power commitments in this sector as less firm than headline deal values imply. Due diligence should test how dependent a project's economics are on a specific power arrangement and how easily that arrangement could change.
Sources
- TechCrunch via Yahoo Finance (opens in a new tab): Crusoe abandons $1.25B plan to use Boom turbines at AI data centers (2026-09-25)
- Yahoo Finance, citing Bloomberg (opens in a new tab): Crusoe pauses Wyoming data center build: Bloomberg (2026-06-10)
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This story is part of the Laurenceo Intelligence briefing for 27 September 2026, a daily sourced briefing on AI, technology and enterprise risk published in Bermuda by Laurenceo, founded by Jorai Laurenceo. It is produced by an automated research pipeline and checked before publication; how this is made. General information only, not legal, regulatory or financial advice.