Rising "Neocloud" Demand from Financials

Jane Street has signed a $13bn , five year AI cloud contract with "neocloud" provider Crusoe, a former crypto-mining company (2018-2024) which pivoted into AI data-center infrastructure. Crusoe supplies AI compute to Meta, Oracle and now Jane Street. Financially, they recently raised $3bn at a $30bn valuation. Jane Street also has cloud agreements with CoreWeave in which it also has a $1bn equity stake.