Nvidia will invest £500 million in AI infrastructure company Nscale, which is a spinoff of a encryption mining company.

According to Mars Finance, NVIDIA CEO Jen-Hsun Huang revealed that NVIDIA will invest £500 million (approximately $683 million) in Nscale, and stated that Nscale will be part of an artificial intelligence infrastructure construction plan worth up to £11 billion. Nscale was established only 16 months ago and is a UK data center company that spun off from a cryptocurrency mining company, Arkon Energy, last year. Nscale is one of the new generation of "New Cloud" companies that operate and lease capacity in data centers specifically designed for artificial intelligence and other data-intensive workloads, and have established partnerships with companies such as Microsoft and OpenAI. Nscale has almost not disclosed its financing plans. In December of last year, the company announced the completion of a $155 million financing round led by New York private equity firm Sandton Capital Partners. A month later, the startup announced that it would invest £2 billion in building computing facilities in the UK. The company stated that it is collaborating with Open Innovation AI, based in the United Arab Emirates, but did not disclose specific financing methods.