What Changed Hands On 6 November
Crusoe announced on 6 November that Google had acquired its data centre site in southeast Wyoming and would build the project itself. The sale came a day after Google said it would commit $17 billion, about EUR 15 billion, to its first Wyoming data centre in Laramie County. Neither company disclosed terms.
| Item | Detail |
|---|---|
| Announced by Crusoe | 6 November 2026 |
| Google commitment | $17 billion, announced 5 November |
| Original plan | 1.8 GW campus with Tallgrass Energy, expandable to 10 GW (July 2025) |
| Crusoe capacity | Over 6 GW contracted, over 40 GW in the pipeline |
| Sale terms | Not disclosed |
Crusoe says its work covered site selection, government approvals and power strategy, and that the handover sets the project up for construction. The planned power mix combined fuel cells, grid power and natural gas turbines, with carbon capture to follow through a regional hub run by its partner Tallgrass.
Why A Developer Hands Over A Finished Site
Bloomberg reported that Crusoe was pushed aside after failing to sign customers, and that Google had raised concerns about cost and schedule. Crusoe has not described it that way. It points to its contracted and pipeline capacity and to the Google campus it is still developing near Amarillo, Texas.
On our reading, the permitted site and the power plan are the scarce assets in this market, and they are worth more to the end user than to the middleman. A developer without a signed tenant holds something its biggest potential buyer can simply take over.
If You Buy Capacity From A Developer
A contract with a developer is only as stable as the developer's control of the land, the approvals and the power supply. Ask who holds each of those, whether your capacity survives a change of owner, and whether the contract names a successor if the developer is replaced.
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