PANews reported on September 18th that Nvidia CEO Jensen Huang revealed that Nvidia will invest £500 million (approximately $683 million) in Nscale, stating that Nscale will be part of an AI infrastructure initiative valued at up to £11 billion. Nscale is a UK data center company spun out from Arkon Energy, a crypto mining company, just 16 months ago. Nscale is one of a new generation of "neo-cloud" companies that operate and lease capacity in data centers designed specifically for AI and other data-intensive workloads, and has established partnerships with companies such as Microsoft and OpenAI. Nscale has revealed little about its funding plans. Last December, the company announced a $155 million funding round led by New York private equity firm Sandton Capital Partners. A month later, the startup announced a £2 billion investment in computing facilities in the UK. The company said it is collaborating with Open Innovation AI, a company based in the United Arab Emirates, but did not disclose the specific funding method.PANews reported on September 18th that Nvidia CEO Jensen Huang revealed that Nvidia will invest £500 million (approximately $683 million) in Nscale, stating that Nscale will be part of an AI infrastructure initiative valued at up to £11 billion. Nscale is a UK data center company spun out from Arkon Energy, a crypto mining company, just 16 months ago. Nscale is one of a new generation of "neo-cloud" companies that operate and lease capacity in data centers designed specifically for AI and other data-intensive workloads, and has established partnerships with companies such as Microsoft and OpenAI. Nscale has revealed little about its funding plans. Last December, the company announced a $155 million funding round led by New York private equity firm Sandton Capital Partners. A month later, the startup announced a £2 billion investment in computing facilities in the UK. The company said it is collaborating with Open Innovation AI, a company based in the United Arab Emirates, but did not disclose the specific funding method.

Nvidia to invest £500 million in AI infrastructure firm Nscale, a spin-off of a crypto mining firm

By: PANews

2025/09/18 08:28

CLOUD$0.1255-9.36%

STARTUP$0.00569-14.62%

AI$0.1227-0.16%

PART$0.2587+6.50%

NEO$6.223+0.35%

Nscale has revealed little about its funding plans. Last December, the company announced a $155 million funding round led by New York private equity firm Sandton Capital Partners. A month later, the startup announced a £2 billion investment in computing facilities in the UK. The company said it is collaborating with Open Innovation AI, a company based in the United Arab Emirates, but did not disclose the specific funding method.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

Share Insights