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Nscale
Data center news, project activity, and monthly briefings for Nscale.
Recent news
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At $125 a Month, Cable TV Nearly as Expensive as Typical Monthly Home Electric Bill, Report Finds
Gov. Morrisey is reported as being encouraged about a proposed $45 billion Nscale-Anthropic data center deal in West Virginia.
- The item references a $45 billion data center deal involving Nscale and Anthropic in West Virginia.
- The text is a headline-style reference to a recent or ongoing announcement, not a full primary-source release; no further project specifics are provided in the excerpt.
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Portugal bet on innovation, but it’s still playing catch-up
The article comments on Portugal’s innovation ecosystem and a July 2026 European Commission visit; it is not a new corporate announcement but a narrative analysis of recent policy attention and ecosystem development.
- European Commissioner for Startups, Research and Innovation Ekaterina Zaharieva visited Portugal in July 2026, meeting leaders, speaking at the 1st National Science and Innovation Conference, visiting Beato Innovation District, and meeting founders at Unicorn Factory Lisbon.
- The piece notes Portugal has already secured €1.3 billion under Horizon Europe as a widening member state, while the University of Porto was recognised as a Key Innovator based on 13 EU-funded projects totaling €26 million; it also references the proposed €5 billion Scale-up Europe Fund and Nscale’s €695 million expansion at the SINES Data Campus.
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UK AI Cloud Company Nscale Plans United States IPO to Raise $3 Billion at $50 Billion Valuation with Earliest IPO Listing in 2026 September, Launched in 2024 by Founder Josh Payne, Investors Include Sandton Capital Partners, Kestrel 0x1, Blue Sky Capital Managers, Florence Capital, Blue Owl Managed Funds, Dell, Fidelity Management & Research Company, G Squared, Nokia, NVIDIA, Point72 & T.Capital
Nscale has been reported to be planning a United States IPO and earlier 2026 listing after raising large rounds of funding and receiving a major Nvidia investment.
- The company is reported to be planning to raise $3 billion at a $50 billion valuation, with the earliest IPO listing in September 2026.
- Nscale was launched in 2024 by Josh Payne and reported funding includes $1.1 billion Series B in September 2025, $674 million (£500 million) equity investment from Nvidia, $155 million Series A in December 2024, and $30 million seed funding in December 2023.
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New Data Center Developments: August 2026
This article is a curated monthly roundup of data center news, summarizing multiple announcements, reported deals, and policy actions across regions.
- It highlights several new project announcements and construction updates, including Meta’s 5 GW Hyperion expansion, OpenAI’s Project Camellia in Georgia, Iron Mountain’s 48 MW RCH-1 break ground, and Meta’s 1 GW Canadian campus in Alberta.
- It also covers policy and market developments such as New York’s permit pause for sites over 50 MW, Texas’s ERCOT queue audit, North Carolina’s tax change, Nebraska’s incentive block, plus large capital figures including €1.5 billion, $38.4 billion, $500 million, $400 million, and $10 billion across various projects.