Nscale is a Europe-based technology company specializing in AI-ready data centers and high-performance GPU cloud infrastructure. Headquartered in London, the company was founded in 2024 by Joshua Payne and Nathan Townsend. As a full-stack hyperscaler, the company delivers infrastructure to support the compute demands of artificial intelligence, machine learning and high-performance computing projects. Nscale was incorporated on May 29, 2024, by co-founders Josh Payne and Nathan Townsend. The company began as an offshoot of Arkon Energy as a provider of infrastructure for crypto mining, according to the Financial Times. Arkon was based in Melbourne, and Payne is Australian. The FT reported that "Nscale was born (from “stealth mode”) out of Arkon Energy, a Melbourne, Australia-based crypto miner following a $155mn Series A funding round in December 2024. At the same time, Nscale's bitcoin mining operations were being wound down." More information...
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