AI compute company Nscale secures $3.36 billion in pre-IPO convertible financing, led by Third Point, with Nvidia adding $1 billion commitment

BlockBeats news, September 25 — AI compute company Nscale announced the completion of a $3.36 billion pre-IPO convertible bond financing, led by Third Point, with participation from Nvidia, funds under Apollo, Citadel, Hudson Bay Capital, the Abu Dhabi Investment Council, and 8090 Industries, among others.

The financing includes $2.36 billion completed at closing, as well as $1 billion committed by Nvidia to be added in mid-November 2026. The convertible bonds will automatically convert into common stock after Nscale completes its IPO, with the portion held by Nvidia converting into non-voting shares.

Nscale stated that the company's cumulative total contract value (TCV) currently exceeds $103 billion, and this round of funding will be used to expand global AI data centers, GPU clusters, and power infrastructure construction. Goldman Sachs served as the placement agent for this financing.

Source #Market Trends

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