Big news for anyone tracking the intersection of crypto and AI: Crusoe, a company known as a crypto miner that pivoted to AI data centers, reportedly raised $3B in funding at a $30B valuation, according to TechCrunch. The round came together after Crusoe secured a $13B contract with Jane Street, a giant in algorithmic trading.
Why it matters
Crusoe isn't just another startup. It started with Bitcoin mining using stranded gas, and now builds data centers for AI workloads. This is a clear example of how crypto infrastructure is transforming and starting to serve AI. For us, as a virtual card service, this signals that the crypto payments and infrastructure market continues to attract serious money, meaning demand for tools to pay for foreign services (including AI platforms) will only grow.
What the Jane Street contract means
The $13B deal with Jane Street is essentially a guarantee of future revenue for Crusoe. Such contracts usually involve long-term leasing of computing power. For investors, this reduces risk: the company has an anchor client. For us, it's further confirmation that major players are actively investing in AI infrastructure, and thus in services that allow paying for these capabilities.
How it relates to you
If you pay for foreign AI services (e.g., ChatGPT Plus, Midjourney, or cloud APIs) or work with crypto, it's important to understand: the market is growing, more services are appearing, but risks also increase. At VirtCardPay, we help with payments for such services, but we always remind: check the reliability of platforms and don't keep all your funds on one card.
Not financial advice.
A virtual card in 2 minutes
Pay for subscriptions, AI tools, travel, and international stores. Top up via USDT-TRC20 with no acquiring fees.