Crusoe takes an energy-first approach, expanding AI data centers to Iceland, Norway and Paraguay
AccBalanced · x · 2026-11-04
Crusoe CEO Chase Lochmiller explains the company's energy-first strategy: instead of bringing electricity to AI data centers, bring the data centers to the electricity — expanding into Iceland, Norway, and Paraguay.
- All three share abundant, low-cost clean energy, the core siting criterion
- He likens it to aluminum smelting: ore was once shipped to Iceland for smelting; AI data centers are a better version — move data over subsea cables, run energy-intensive GPU clusters where power is cheap, ship out the results
- The goal is activating megawatts for intelligence rather than crowding into hubs like Northern Virginia
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