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Home/Deal Room/Crusoe, Blue Owl and Primary form $3.4B Abilene data-center joint venture

Financing · Evidence brief

Crusoe, Blue Owl and Primary form $3.4B Abilene data-center joint venture

Crusoe + Blue Owl Capital + Primary Digital Infrastructure

Primary sourcePress release only2024-10-15
Deal structureFully funded joint venture / forward takeout for AI data-center development
GeographyAbilene, Texas
Infrastructure layersData centers + financing + power
Disclosed scale$3.4B joint venture for a 206 MW, 998,000-square-foot data center in Abilene, Texas

Why it matters

The strategic read

Provides a financing template for AI campuses: specialist developer, private-credit capital, hyperscale-style tenant demand, and large power interconnection.

Source-supported terms

What was disclosed

  1. 01

    Crusoe, Blue Owl and Primary Digital Infrastructure announced a $3.4B joint venture.

  2. 02

    The fully funded forward takeout covers a 206 MW, 998,000-square-foot data center at the Lancium Clean Campus in Abilene.

  3. 03

    Crusoe is responsible for designing, building and operating the purpose-built AI facility.

Disclosure boundary

What is known—and what is not

Primary joint-venture announcement; full financing, lease and customer documents are not public.