Coal Miner Turned AI Data-Center Baron Navigates the AI Boom
TL;DR
Josh Payne, a former coal miner, now runs Nscale, a fast-growing AI data-center company that just raised $2 billion at a $14.6 billion valuation with backers including Nvidia and Aker; Sheryl Sandberg joined its board, and Microsoft remains the biggest customer as Nscale expands globally and eyes an IPO, financed by debt and equity to support multi-billion-dollar buildouts, even as investors warn about an AI bubble if demand or contract lengths falter.
- The Former Coal Miner in the Middle of the A.I. Data Center Boom The New York Times
- Nvidia backs AI data center startup Nscale as it hits $14.6 billion valuation CNBC
- Nvidia-backed Nscale valued at $14.6 billion in fresh funding round Reuters
- Nscale raises $2bn as Sheryl Sandberg and Nick Clegg join board Financial Times
- Nscale Raises $2 Billion in Series C — the Largest in European History Nscale
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