prasit2512 – stock.adobe.com
The much-hyped artificial intelligent infrastructure provider Nscale, has parted with one of its founder directors
one of the founding directors has left the company after it secured $1.1bn Series B funding. According to a Companies House document dated 8th October 2025 Nathan Townsend stepped down from his position as a director at Nscale. He co-founded the company with CEO Josh Payne in may 2024.
This company was spun off from Arkon Energy, a cryptocurrency mining and renewable energy infrastructure provider that Townsend co-founded with Payne. It is not known if Arkon Energy exists.
Townsend’s LinkedIn page states that he is still the chief operating officer of the company, despite the fact that the company website is no longer available on the internet. Companies House confirmed that Barry Kupferberg (an investment banker) left the company on October 8, 2025. Companies House has also confirmed that two new directors have been added to the list of the company, including Oyvind Ericsen, president and CEO of Aker ASA – the Norwegian industrial investment firm that led Nscale’s recent funding round.
A spokesperson for Nscale told Computer Weekly that the recent reshuffle in the company’s Board of Directors is related to the Series B financing the company closed at the end of September 2025. Computer Weekly reported at the time that Nscale’s $1.1bn Series B funding round was the largest investment ever made in the UK and Europe.
A company spokesperson told Computer Weekly that Nscale had made some governance changes in connection with the closing. This included modifications to the directors appointed to its board. “We believe that our new board composition will help Nscale continue to grow.”
Within a few days of changing its board, the company announced on 15 October 2025 that it had signed a “expanded agreement” with Microsoft to supply 200,000 NVIDIA GPUs to hyperscale AI infrastructures in Europe and the US.
The deal is in addition to the one announced in September 2025, where the two companies committed to working together to create the UK’s largest AI supercomputer on Nscale’s site in Loughton in Essex, which will host Microsoft Azure services.
Nscale confirmed that the delivery of the October 20, 2025 deal will be done with Dell Technologies. The company billed the contract as one of largest AI infrastructure contracts signed.
Payne said in a press release announcing the agreement that “this agreement confirms Nscale as a partner chosen by the world’s leading technology leaders.” “Few companies have the expertise and global pipeline necessary to deliver GPU deployments of this magnitude. We have both.”
The pace at which we have expanded capacity demonstrates our readiness, our commitment to efficiency and sustainability, and our desire to provide our customers with the latest technology. It’s clear that Nscale is setting the standard for how AI infrastructure will be delivered in the future.
by: Caroline Donnelly.
AI Infrastructure provider Nscale secures $1.1bn series B funding.
by: Caroline Donnelly.
