AI infrastructure company Nscale has raised nearly $4 billion in funding, with a valuation of $14.6 billion

AI infrastructure startup Nscale has disclosed that it has completed nearly $4 billion in financing, with a valuation of $14.6 billion following its latest $2 billion Series C round. Nscale, formerly a cryptocurrency mining company spun off from Arkon Energy, is currently focused on building and operating AI data centers and leasing computing power resources to enterprises. Its investors include technology companies such as Nvidia, Dell, and Nokia.

Since 2026, Nscale has also secured $1.4 billion in GPU collateral loans and a $790 million financing line 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 related plans, some projects have been taken over by Microsoft and Google.