AI infrastructure firm Nscale is negotiating a $2 billion funding round, with Goldman Sachs and JPMorgan Chase facilitating the process. The company, which emerged from a cryptocurrency mining firm in 2024, has already secured over $1.5 billion in funding in late 2025. Nscale's strategic partnerships include collaborations with NVIDIA and OpenAI. Additionally, Microsoft is working with Nscale to develop a $10 billion data center in Portugal and plans to lease data center capacity in Norway and the UK.