NVIDIA announced an investment of $683 million in Nscale, a spinoff company of a cryptocurrency mining enterprise

ChainCatcher news, according to Bloomberg, NVIDIA announced an investment of $683 million in a UK 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 of cryptocurrency mining company Arkon Energy, is an important step in advancing AI infrastructure in the UK. Nscale was spun off from Arkon in May 2024, aiming to provide AI cloud services across Europe.