The Former Coal Miner in the Middle of the A.I. Data Center Boom
TL;DR
Josh Payne, the chief executive of Nscale, raised $2 billion from investors. Sheryl Sandberg, the former Facebook executive, is joining his board. Josh Payne, the chief executive of Nscale, raised $2 billion from investors. Sheryl Sandberg, the former Facebook executive, is joining his board.
Nauti's Take
From coal mines to data centers — Josh Payne's Nscale just pulled $2B and landed Sheryl Sandberg on the board. The AI infrastructure gold rush keeps minting unlikely billionaires, and the pickaxe sellers are winning again.
Briefingshow
Nscale signals that GPU cloud infrastructure investment shows no signs of cooling — compute access remains the critical bottleneck.
Sources