Bitcoin mining company Arkon Energy's Nscale raises $155 million, led by Sandton Capital Partners

ChainCatcher news, Bitcoin mining company Arkon Energy's European AI cloud company Nscale has completed a $155 million financing round, led by Sandton Capital Partners, with participation from Kestrel, Bluesky Asset Management, and Florence Capital, which will drive its growth plans in Europe and North America.

The company stated that it has expanded its greenfield data center capacity in Europe and North America from 300MW to 1.3GW, with plans to develop 120MW by 2025. Nscale announced that it will launch a public cloud service in the first quarter of 2025, allowing developers to access purpose-built inference and training solutions in a flexible development environment.