Nscale Pursues $30B US IPO for AI Infrastructure Business

Nscale is pursuing a $30 billion US IPO for its AI infrastructure business to fund data center expansion, though some investors have questioned the valuation. The London-based cloud computing company, founded by CEO Josh Payne, grew from a Bitcoin mining operation into an AI infrastructure provider using a debt-heavy neocloud model. The IPO comes as the broader AI sector faces market volatility and scrutiny over infrastructure spending sustainability.