Crusoe, an AI infrastructure company, has completed its initial close of $1.375 billion in Series E funding, with participation from Franklin Templeton and others.

According to Globenewswire, AI infrastructure company Crusoe announced the completion of its $1.375 billion Series E funding round, led by Valor Equity Partners and Mubadala Capital, with participation from 137 Ventures, 1789 Capital, Activate Capital, Altimeter Capital, Fidelity Management & Research Company, Founders Fund, and Franklin Templeton. The new funds will be used to expand its data center operations. Crusoe previously sold its Bitcoin mining operations to NYDIG in March of this year, having previously received investments from several crypto companies.