Nvidia announces $683 million investment in Nscale, a spin-off company from a crypto mining firm
According to ChainCatcher, citing Bloomberg, Nvidia has announced an investment of $683 million in the UK-based artificial intelligence infrastructure company Nscale, which was spun off from a cryptocurrency miner in 2024.
Nvidia CEO Jensen Huang stated that the investment in Nscale, the AI division under cryptocurrency mining company Arkon Energy, is an important step in advancing the UK's artificial intelligence infrastructure. Nscale was spun off from Arkon in May 2024, aiming to provide AI cloud services across Europe.
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