Nscale

Nscale is a UK-based AI infrastructure company headquartered in London that was spun off from Australian crypto miner Arkon Energy in 2024, providing data centers and GPU cloud compute for large model training and inference. On September 18, 2026, Nscale filed an S-1 registration statement with the US SEC to list on the NYSE under the ticker NSCL, with market expectations of a target valuation of about $35 billion.