Abilene Project Drives $250M 2026 Revenue

The jump from $10M to $250M shows that Abilene has gone from a small lease style contribution to a core revenue engine for Crusoe. The project now sits inside a much larger buildout, with Crusoe co building a 1.2 GW campus in Abilene, leasing capacity into Oracle Cloud Infrastructure for OpenAI workloads, and scaling the site to 700 plus MW live by December 2026.

• Earlier, Abilene showed up as only $11M of leasing revenue to Oracle inside Crusoe's 2025 mix. That makes the new $250M 2026 outlook important because it implies many more buildings, racks, and energized megawatts moved from plan to contracted delivery.
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• The money flow is unusually concrete. Crusoe and partners finance and build the campus, Oracle operates the cloud layer, and OpenAI is the anchor compute customer. That structure turns Crusoe from a GPU renter into part landlord, part builder, and part infrastructure operator.
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• This is the same playbook that made CoreWeave explode, landing giant committed demand from a hyperscale partner, then raising huge capital against it. Crusoe remains smaller, but Abilene gives it a similar path from subscale GPU cloud to strategic AI infrastructure supplier.
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From here, Crusoe's upside comes from repeating Abilene at larger scale. As Stargate expands beyond Texas toward nearly 7 GW of planned capacity, the companies that can secure power, debt, land, and anchor tenants fastest will capture a growing share of AI infrastructure economics.