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AI infrastructure company Nscale has completed a total financing of nearly $4 billion, with the latest round of Series C funding amounting to $2 billion and a valuation of $14.6 billion. Nscale, formerly known as Arkon Energy, a cryptocurrency mining company, spun off its business and currently focuses on building and operating AI data centers, as well as leasing computing resources to enterprises. Investors include Nvidia, Dell, and Nokia. Since 2026, Nscale has also secured $1.4 billion in GPU mortgage loans and $790 million in financing to support its AI infrastructure expansion plans. Nscale has participated in the OpenAI "Stargate" project, deploying AI computing facilities in the UK and Norway, but some projects have been taken over by Microsoft and Google.