Gas-burner Crusoe borrows $200 million to buy Nvidia GPUs
Plans to use them to run AI workloads at oil wells
Plans to use them to run AI workloads at oil wells
Money to fund expansion plans and pay down existing debt
Company secures large overseas loan facility
Company posted revenue of $277 million for 2022
Over half of this will be used to refinance South African company’s existing debt
Company to use loan to buy three broadcast & broadband satellites
Loan to provide security in ‘uncertain macroeconomic environment’