A non-binding LOI for 1.35 GW on a West Virginia campus Microsoft won't own: a behind-the-meter 2.16 GW natural-gas microgrid, "H"-shaped data centers, NVIDIA Vera Rubin silicon, built by a neocloud.
Nscale is backed by a syndicate of strategic and financial investors, with Nvidia, Dell Technologies, Nokia, Aker ASA, and 8090 Industries serving as key backers for its global operations, including its Monarch Compute Campus in West Virginia.
The company’s broader investor base includes:
Financial Institutions & Asset Managers: Goldman Sachs, J.P. Morgan, Morgan Stanley, Bank of America, Blue Owl Capital, Citadel, Point72, G Squared, 10x Capital, and Linden Advisors.
Technology & Industrial Partners: Dell Technologies, Nvidia, Nokia, and Lenovo.
Other Strategic Investors: 8090 Industries, Aker ASA, Fidelity Management & Research, and Astra Capital Management.
For its specific West Virginia project, Nscale partnered with Fidelis New Energy and 8090 Industries through the acquisition of American Intelligence & Power Corp. (AIPCorp)**. Microsoft also signed a letter of intent to provide 1.35 GW of compute capacity at the site, marking a major commercial anchor for the development.
Thanks for the added detail. One important nuance: Microsoft isn't providing the 1.35 GW, it's the anchor tenant buying it. Nscale builds, owns, and operates Monarch (the gas plant, the buildings, and the GPUs) and sells Microsoft the compute. That inversion is really the story here.
The roughly $20B campus and the chips sit on Nscale's balance sheet, backstopped in part by NVIDIA, while Microsoft's commitment is still a non-binding LOI.
Good question. But the public record doesn't specify it. Those rights sit in the compute-services agreement and lease, neither of which is public.
What is clear is the ownership: Nscale owns and operates the plant and the buildings, so the facility telemetry for power (the 864 gensets, the batteries, distribution) and cooling runs through Nscale's operations. Microsoft, as the compute tenant, would see its own IT and GPU-level data plus whatever the contract grants.
Brave LEO AI adds:
Nscale is backed by a syndicate of strategic and financial investors, with Nvidia, Dell Technologies, Nokia, Aker ASA, and 8090 Industries serving as key backers for its global operations, including its Monarch Compute Campus in West Virginia.
The company’s broader investor base includes:
Financial Institutions & Asset Managers: Goldman Sachs, J.P. Morgan, Morgan Stanley, Bank of America, Blue Owl Capital, Citadel, Point72, G Squared, 10x Capital, and Linden Advisors.
Technology & Industrial Partners: Dell Technologies, Nvidia, Nokia, and Lenovo.
Other Strategic Investors: 8090 Industries, Aker ASA, Fidelity Management & Research, and Astra Capital Management.
For its specific West Virginia project, Nscale partnered with Fidelis New Energy and 8090 Industries through the acquisition of American Intelligence & Power Corp. (AIPCorp)**. Microsoft also signed a letter of intent to provide 1.35 GW of compute capacity at the site, marking a major commercial anchor for the development.
Thanks for the added detail. One important nuance: Microsoft isn't providing the 1.35 GW, it's the anchor tenant buying it. Nscale builds, owns, and operates Monarch (the gas plant, the buildings, and the GPUs) and sells Microsoft the compute. That inversion is really the story here.
The roughly $20B campus and the chips sit on Nscale's balance sheet, backstopped in part by NVIDIA, while Microsoft's commitment is still a non-binding LOI.
Which party has access to the Telemetry Data for HVAC and Power?
Good question. But the public record doesn't specify it. Those rights sit in the compute-services agreement and lease, neither of which is public.
What is clear is the ownership: Nscale owns and operates the plant and the buildings, so the facility telemetry for power (the 864 gensets, the batteries, distribution) and cooling runs through Nscale's operations. Microsoft, as the compute tenant, would see its own IT and GPU-level data plus whatever the contract grants.