According to WuSay, Nscale, a European AI cloud company under Bitcoin mining company Arkon Energy, announced the completion of a $155 million financing. Sandton Capital Partners led the investment, with participation from Kestrel, Bluesky Asset Management and Florence Capital.
The financing will fuel Nscale's growth plans in Europe and North America. Nscale officially launched in May 2024 and provides GPU cloud services based on AMD hardware, using AMD Instinct M1300X accelerators, AMD MI250 GPUs, and Nvidia's A100, H100 and V100 GPUs.
