Robinhood invests $25M in Crusoe as part of $3.9B round
- —RVI invested $25 million in Crusoe at a $30.9 billion post-money valuation
- —The $3.9 billion Series F was co-led by Atreides, Mubadala and Valor
- —Crusoe sold its Bitcoin mining unit NYDIG and has $140 billion in contracts
- —Miners with AI contracts trade at 12.9x revenue versus 3.7x without them
Why it matters: Infrastructure from former Bitcoin miners is being repriced for AI, changing mining economics and drawing capital away from crypto.
Source: Cryptopolitan