Nvidia-backed data center Nscale completes $2 billion financing, reaching a valuation of $14.6 billion.

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UK artificial intelligence data center developer Nscale has completed a major round of financing and brought in several renowned figures from the tech industry as board members, further consolidating its position in the European AI infrastructure sector.

According to a statement released by the company on Monday, Nscale has completed a $2 billion Series C round of financing, with a post-money valuation reaching $14.6 billion. The round was led by Norwegian energy group Aker ASA and investment firm 8090 Industries, with participation from Nvidia, Lenovo Group, and Nokia.

At the same time, the company has significantly expanded its board of directors, appointing three high-profile tech industry figures: former Meta COO Sheryl Sandberg, former Meta policy chief Nick Clegg, and former Yahoo executive and current Berkshire Hathaway director Susan Decker.

Accelerating Financing Pace, Nscale Races to Secure a Foothold in Europe’s Computing Power Market

Nscale was spun off from a cryptocurrency mining business in early 2024, quickly rising as a prominent newcomer in the AI infrastructure sector. As a member of the "neo-cloud" cohort, the company focuses on leasing computing power services to AI development enterprises and has clearly set its strategic focus on the European market.

To date, Nscale has launched several large-scale data center projects in the UK, Norway, and Portugal. Although these facilities have not yet officially commenced commercial operations, their regional footprint is beginning to take shape.

In terms of financing, the company has significantly accelerated its pace. In 2025, Nscale cumulatively completed approximately $1.5 billion in equity financing and simultaneously secured a similar amount of debt financing at the beginning of the year, reflecting strong investor confidence in its growth trajectory. According to previous reports by Bloomberg, the company had also planned another round of financing of up to $2 billion, further demonstrating its ambition to expand.

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