Nscale announced the raising of $3.36 billion through convertible bonds led by Third Point, with participation from Nvidia and several other investors. Of this, the first tranche worth $2.36 billion has been completed.

Nvidia committed to contribute an additional $1 billion separately, with disbursement expected before mid-November 2026. Other participating investors include funds managed by Apollo, Citadel, Hudson Bay Capital, and the Abu Dhabi Investment Council.

Nscale said that the total contract value has now exceeded $103 billion. The company plans to use the raised capital to expand its AI cloud infrastructure, including on-site power facilities, liquid-cooled AI data centers, and large-scale GPU clusters.

Convertible bonds will automatically convert into common stock when Nscale is listed for the first time to the public (IPO). The portion of Nvidia, however, will convert into non-voting stock.

Source: https://tintucbitcoin.com/nscale-hoan-tat-huy-dong-336-ty-usd-do-third-point-dan-dau/

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