The server farms company Anan, owned by singer Omer Adam, Maor Malul, and investment professional Nessim Sariel-Gaon, has signed an agreement with the artificial intelligence cloud infrastructure giant Crusoe Technologies. This deal reflects an estimated valuation of over one billion dollars for Anan. The long-term agreement is expected to amount to hundreds of millions of dollars, with Anan providing AI HPC infrastructure with an initial capacity of 40 megawatts at its site in Afula.
Crusoe Technologies, one of the fastest-growing companies in AI infrastructure, serves end customers such as OpenAI and Oracle. The company raised 1.4 billion dollars last October at a valuation of 10 billion dollars. Crusoe has chosen the venture of Adam and his partners as its strategic partner in Israel.
On the ground in Afula, construction works are already in full swing at an accelerated pace of 24 hours a day, six days a week. The planned complex is expected to span tens of thousands of square meters and reach a total capacity of 100 megawatts, utilizing advanced cooling systems and high electrical redundancy.
Capital Accumulation Accelerates
Crusoe's activity in Israel is led by Alon Yariv, who joined the company after selling his own activity to Crusoe in a deal estimated at about 200 million dollars. For Anan, which was established only four years ago, this agreement represents a significant leap into the large-scale infrastructure market. The company focuses on building heavy computing infrastructure platforms specifically tailored to the needs of artificial intelligence, rather than the traditional real estate model for servers.
This move by Anan and Crusoe takes place against the backdrop of a severe global shortage of data center infrastructure and electricity availability. This scarcity positions the Afula site as a strategic asset at the international level, enabling significant surplus extraction for the companies involved. Anan is also promoting the establishment of additional sites in Israel with a total scope of over 500 megawatts and has signed further agreements with global entities in the field.
The State Secures Capital's Interests
Despite the security and regional complexity, this cooperation signals that leading technology companies in the world continue to view Israel as a central destination for the establishment of the most complex computing systems of the current era. The state's role in maintaining conditions conducive to capital accumulation, even amidst regional instability, allows for the uninterrupted expansion of these profitable ventures. The rapid, round-the-clock labor at the Afula site directly contributes to the accelerated accumulation of wealth for Anan's owners and its global partners.