AI infrastructure startup Nscale has disclosed that it has completed nearly $4 billion in financing, with its latest $2 billion Series C round bringing its valuation to $14.6 billion. Nscale, which originated as the cryptocurrency mining company Arkon Energy, is now focused on building and operating AI data centers and leasing computational resources to enterprises. Its investors include tech giants such as Nvidia, Dell, and Nokia. Since 2026, Nscale has also secured $1.4 billion in GPU-backed loans and $790 million in financing to support its AI infrastructure expansion plans. Nscale participated in OpenAI's 'Stargate' infrastructure project, deploying AI computing facilities in the UK and Norway, but as OpenAI adjusted its plans, some projects have been taken over by Microsoft and Google.
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AI Infrastructure Company Nscale Valued at $14.6 Billion, Raises Nearly $4 Billion
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