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Nscale completes $2 billion Series C funding, setting a European record, but progress on the UK flagship data center project is uncertain

Nscale announces the completion of a $2 billion Series C funding round, valuing the company at $14.6 billion, setting a record in European history. The funding was led by Aker ASA and 8090 Industries, with participation from several well-known investors. At the same time, new board members were announced. Despite the good news of funding, the progress of Nscale's flagship project in the UK remains uncertain, as the government stated that the investment commitment is not an official contract.
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