Bloomberg: Nvidia-backed AI infrastructure company Nscale is in talks for $2 billion financing

According to Bloomberg, AI infrastructure company Nscale is negotiating a new round of financing of about $2 billion, collaborating with Goldman Sachs and JPMorgan Chase to advance the deal.

Nscale was spun off from a cryptocurrency mining company in 2024 and provides AI computing infrastructure. The company raised over $1.5 billion in September-October 2025 and previously announced partnerships with NVIDIA and OpenAI.

Microsoft is building a $10 billion data center in Portugal with Nscale and local partners, and plans to lease Nscale's data center capacity in Norway and the UK.