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// Workers AI · dad joke modeWhat did Nscale say to its friend? "You're on the right track.

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Nscale
TypePrivate
IndustryAI Infrastructure
FoundedMay 2024; 2 years ago (2024-05) in London, United Kingdom
FounderJoshua Payne
HeadquartersLondon, United Kingdom
ProductsAI Services, AI Private Cloud, AI Factories
Revenue33,000,000 United States dollar (2025) Edit this on Wikidata
Number of employees
~1,000
Websitehttps://www.nscale.com/

Nscale is a Europe-based technology company that operates data centres and GPU cloud infrastructure.[1] Headquartered in London, the company was founded in 2024 by Joshua Payne.[2][3]

History

[edit]

Nscale spun out from Arkon Energy, a Melbourne, Australia-based infrastructure business focused first on securing power and building in ideal AI compute location,[4] including those with abundant renewable energy sources[5] and a provider of infrastructure for crypto mining.[6] Arkon was based in Melbourne, and Payne is Australian.[7] The FT reported that "Nscale was born (from “stealth mode”) out of Arkon Energy, a Melbourne, Australia-based crypto miner following a $155mn Series A funding round in December 2024. At the same time, Nscale's bitcoin mining operations were being wound down."[8]

Nscale's Series B investment round in 2025 raised $1.1 billion from companies like "Aker, the Norwegian industrial investment company, with additional participation from a raft of firms including NVIDIA, Nokia and Dell".[9]

By October 2025, Nscale secured $433 million in a pre-Series C SAFE funding round[10] and had expanded into Portugal, the UK, US, and Iceland.[11]

In March 2026, Nscale raised $2 billion in its Series C funding round[12][13] as former Meta COO Sheryl Sandberg, former Yahoo! president Susan Decker, and former U.K. deputy prime minister Nick Clegg joined its board of directors.[6][14][15][16] The company achieved a valuation of $14.6 billion in March 2026.[17][18][19]

Nscale is developing a hyperscale AI campus in Ward County, Texas, with approximately 104,000 NVIDIA GPUs planned for Microsoft from 2026.[20][21] Nscale also acquired American Intelligence and Power Corporation (AIPCorp) and its Monarch Compute Campus in Mason County, West Virginia,[22][23] a 2,250-acre site with planned power capacity of 2 gigawatts by 2028, expanding to over 8 gigawatts by 2031.[24]

Partnerships and projects

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  • Nscale has a partnership with Microsoft to supply the tech firm with 200,000 NVIDIA chips.[25]
  • In September 2024, Nscale partnered with Singtel to expand Graphics Processing Unit as a Service (GPUaaS) capacity across Europe and Southeast Asia. The agreement provided Nscale access to NVIDIA H100 GPUs through Singtel’s Paragon platform and data centre infrastructure from Nxera, while Singtel gained access to Nscale’s AMD and NVIDIA accelerator capacity in Europe for regional AI workloads.[26]
  • Nscale partnered with Vast Data in October 2025 to deploy Vast Data's AI Operating System as the data layer for Nscale's global AI cloud infrastructure.[27]

Finances

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Nscale's audited revenue was $19.1 million in 2024 and $33.0 million in 2025, with $140.6 million in the first half of 2026, according to its Form S-1; the filing also states $103.4 billion in active and contracted take-or-pay agreements.[28][29]

References

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  1. ↑ "Nscale explained: Everything you need to know | Computer Weekly". ComputerWeekly.com. Retrieved 2026-05-06.
  2. ↑ Kanetkar, Riddhi. "Exclusive: Read the 9-page memo hyperscaler startup Nscale used to raise a $155 million Series A". Business Insider. Retrieved 2026-05-06.
  3. ↑ "AI data center builder Nscale nabs $155M investment". SiliconANGLE. 2024-12-09. Retrieved 2026-05-12.
  4. ↑ "Nvidia-backed Nscale Soars to $14.6B Valuation". DataCenterKnowledge. Retrieved 2026-09-29.
  5. ↑ Garaca Djurdjevic, Maja (25 February 2022). "Aussie bitcoin mining start-up sets pre-seed funding record". Investor Daily. Retrieved 29 September 2026.
  6. 1 2 Ashworth, Louis (12 March 2026). "Nscale's borrowed credibility". Financial Times.
  7. ↑ Ashworth, Louis (19 September 2025). "Is the 'British firm' at the heart of Britain's AI plans actually British?". Financial Times.
  8. ↑ Ashworth, Louis (23 March 2026). "Nscale's credit history (slightly chipped)". Financial Times.
  9. ↑ Browne, Ryan (2025-09-25). "British AI firm Nscale raises $1.1 billion in Nvidia-backed funding round". CNBC. Retrieved 2026-03-29.
  10. ↑ say, Georgia Butler Have your (2026-05-21). "Nscale closes $433m pre-Series C SAFE funding round". www.datacenterdynamics.com. Retrieved 2026-05-26.
  11. ↑ Nicol-Schwarz, Kai (2026-03-09). "Nvidia backs AI data center startup Nscale as it hits $14.6 billion valuation". CNBC. Retrieved 2026-09-16.
  12. ↑ "Market Chatter: AI Cloud Firm Nscale in Talks to Raise Up to $3.5 Billion in Pre-IPO Financing". Yahoo Finance. 4 September 2026. Retrieved 24 September 2026.
  13. ↑ Garcia, David Cendon (2026-07-10). "AI puts UK startup funding back in the big leagues with strongest first half since 2022, new data shows". EU-Startups. Retrieved 2026-09-24.
  14. ↑ Heim, Anna (2026-03-09). "Sandberg, Clegg join Nscale board as this 'Stargate Norway' startup hits $14.6B valuation". TechCrunch. Retrieved 2026-05-19.
  15. ↑ "Nvidia-backed Nscale valued at $14.6 billion in fresh funding round". Reuters. 2026-03-09. Retrieved 2026-09-24.
  16. ↑ Down, Aisha (2026-03-09). "British AI datacentre firm Nscale raises $2bn as Sheryl Sandberg and Nick Clegg join board". The Guardian. Retrieved 2026-09-24.
  17. ↑ Hurley, James (2026-03-13). "Is the star-studded optimism around Nscale on the money?". www.thetimes.com. Retrieved 2026-03-28.
  18. ↑ Jayaprakash, Prathik; Mehraj, Anzar (2026-09-04). "Nscale seeks about $3.5 billion pre-IPO funding, source says". Reuters. Retrieved 2026-09-24.
  19. ↑ Orru, Mauro (2026-03-09). "Nvidia-Backed Startup Nscale Raises Funds at $14.6 Billion Valuation". Wall Street Journal. Retrieved 2026-09-24.
  20. ↑ "Nscale Secures $3.05 Billion Debt Package for US AI Data Centers". IDCNOVA. 2026-09-02. Retrieved 2026-09-29.
  21. ↑ "Nscale Backs Figure AI With $3.5 Billion, Takes Equity Stake in Humanoid Push". Tech Times. 2026-09-04. Retrieved 2026-09-29.
  22. ↑ Tillett, Andrew (2026-03-18). "From Newcastle to Nvidia: meet Australia's newest data centre titan". Australian Financial Review. Retrieved 2026-09-29.
  23. ↑ "Nscale announces major US expansion". Telecoms. Retrieved 2026-09-29.
  24. ↑ Butler, Georgia (2026-09-18). "Nscale acquires 8GW Monarch Compute Campus, Microsoft signs on for 1.35GW of compute". datacenterdynamics.com. Retrieved 2026-09-29.
  25. ↑ "UK's Nscale to supply Microsoft with 200,000 Nvidia AI chips". Reuters. 15 October 2025.
  26. ↑ Trueman, Charlotte (2026-05-14). "Singtel and Nscale announce partnership to boost GPU capacity across Europe and Southeast Asia". www.datacenterdynamics.com. Retrieved 2026-05-19.
  27. ↑ "Nscale and VAST Data Partner to Build Global AI Infrastructure". Techerati. 2025-11-04. Retrieved 2026-05-26.
  28. ↑ "Form S-1, NSCALE LIMITED". U.S. Securities and Exchange Commission. 18 September 2026. Retrieved 2 October 2026.
  29. ↑ "Nscale: $103 Billion Claimed, $21 Million Filed". SOMEN Research. Retrieved 2 October 2026.
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