Nscale in Talks for $2 Billion Funding Round Backed by NVIDIA and Goldman Sachs

Nscale is currently in advanced discussions to secure $2 billion in fresh capital to fuel its aggressive expansion. The UK-based AI infrastructure company is working with Goldman Sachs and JPMorgan Chase to finalize the deal. This potential round follows a successful period in late 2025 where the firm raised over $1.5 billion from major institutional investors. The company serves as a critical partner for the industry leaders often called the AI Triad. Its strategy focuses on building massive data centers across Europe and North America to host hundreds of thousands of GPUs. This new funding will specifically support the deployment of NVIDIA Blackwell Ultra chips to meet global compute needs as noted in recent reports on KuCoin News.

A major highlight of their roadmap is a $10 billion mega-data center project in Sines, Portugal. Developed alongside Microsoft, the facility will serve European enterprise customers with a focus on data sovereignty. The site is expected to deliver thousands of NVIDIA GB300 GPUs starting in the first quarter of 2026 to help satisfy the hunger for AI training capacity.

In the United Kingdom, Nscale is constructing what is slated to be the country's largest AI supercomputer. This 50MW facility in Loughton aims to bring tens of thousands of GPUs online by early 2027 to support local technology growth. Similar large-scale projects are being prepared in Texas and Norway to leverage sustainable energy sources for power-intensive workloads.

Led by CEO Josh Payne, Nscale was spun off from the crypto mining firm Arkon Energy in 2024. The leadership recognized that the expertise in managing energy-intensive data centers could be applied directly to high-performance computing. This pivot has allowed them to secure direct allocations of highly coveted hardware from partners like NVIDIA.

The firm's partnership with Microsoft is particularly notable, involving a multi-year deal valued at up to $14 billion. This agreement allows Microsoft to lease Nscale's infrastructure to power its Azure AI services on a massive scale. By acting as a specialized builder, Nscale provides the physical capacity that tech giants cannot construct fast enough to keep pace with innovation.