Crusoe abandons $1.25B plan to use Boom turbines at AI data centers

Crusoe, an AI data center company, has ended a $1.25 billion agreement to purchase natural gas-fired power turbines from Boom Supersonic, a fellow Denver company. Crusoe had agreed to buy 29 of Boom's Superpower turbines, with first deliveries scheduled to begin in 2027, but the partnership no longer made sense because turbines are no longer part of Crusoe's near-term primary power strategy for its data center campuses. The deal's collapse is significant for Boom because Crusoe was its launch customer for this new stationary power plant business, which Boom had raised $300 million to develop as a way to fund its main aircraft development project. Both companies stated they remain open to working together in the future if circumstances change.