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Google takes over Crusoe's unfinished Wyoming data center, now Project Tembo, inside a $17 billion investment it announced; the price paid to Crusoe is not disclosed
Crusoe sold its stalled Wyoming project to Google, which announced $17B for the campus. The $17B is Google's total, not the price paid to Crusoe.
Google announced on November 5, 2026 a long-term $17 billion investment in its first Wyoming data center, near Cheyenne, and TechCrunch reported on November 6 that Crusoe confirmed it sold the unfinished project to Google. One framing point matters: the $17 billion is Google's announced total investment in the campus, not what it paid Crusoe, a price neither company disclosed. Google had been a prospective customer of Crusoe's site, without a signed deal.
The essentials
- The deal: Crusoe sold its Wyoming project to Google, which is now building the campus, called Project Tembo (formerly Project Jade). The sale price is undisclosed.
- The $17 billion: Google's announced long-term investment in the site, with Tallgrass Energy, Black Hills Energy, AEP and Related Digital named as partners.
- The site: about 716 acres in Laramie County, up to 2.7 GW including reserves, four data halls, air-cooled, with full completion targeted for 2031.
- Power: Google says it will pay for 100 percent of its power use; AEP is reported to plan a 702 MW fuel-cell development with carbon capture, with parts still under engineering study.
How the project changed hands
In June, Crusoe said work was paused at the request of its customer, while Black Hills said the project was not paused. In July the county confirmed Google as developer and owner through a holding company. Blockspace reported Crusoe was pushed out, and TechCrunch said Google raised cost and timeline concerns, which are reported accounts rather than statements by Google.
What the $17 billion does and does not mean
Reports describe the figure as an investment across years, including buildings, equipment and power arrangements. It cannot be read as a purchase price. Crusoe, recently valued at $30.9 billion, did not say what it received.
What is not established
- Price Google paid Crusoe: not disclosed.
- Breakdown of the $17 billion: not published.
- Carbon capture on the power plants: still under study, per reports.
- Why Crusoe lost the project: contested accounts, no official reason.
Summary table
| Point | What is stated as of November 7, 2026 | Source |
|---|---|---|
| Announced | November 5, 2026 (Google); sale confirmed November 6 | TechCrunch |
| Investment | $17 billion, long-term, Google's total for the site | |
| Site | Laramie County, Wyoming, about 716 acres, up to 2.7 GW | Unite.AI |
| Completion target | 2031 | 24/7 Wall St. |
| Owner revealed | July 2026, Google via a holding company | Cowboy State Daily |
FAQ
Did Google pay $17 billion to Crusoe?
No. $17 billion is Google's announced investment in the campus; the price paid to Crusoe is not disclosed.
What is Project Tembo?
Google's first Wyoming data center campus near Cheyenne, formerly called Project Jade.
Had Crusoe found customers?
Google was a prospective customer but no deal had been signed, according to TechCrunch.
Method and limits
Sources checked on November 7, 2026. We read Google's announcement and press reports through excerpts and relays, not county filings. Company claims are unverified. This is not investment advice.
Sources
- Google: Wyoming data center (verified 2026-11-07)
- TechCrunch: Crusoe sells troubled Wyoming data center project to Google (verified 2026-11-07)
- Unite.AI: Google plans its first Wyoming data center with carbon capture power (verified 2026-11-07)
- 24/7 Wall St.: Google is spending $17 billion on a Wyoming data center and says it will pay for 100% of its power (verified 2026-11-07)
- Blockspace: Crusoe pushed out of Wyoming AI campus by Google (verified 2026-11-07)
- Cowboy State Daily: Google revealed as owner of Wyoming largest data center, now Project Tembo (verified 2026-11-07)
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