Nscale Raises $3.36bn in Convertible Notes Led by Third Point, NVIDIA
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London – – September 25, 2026 -- Nscale Limited has closed a $3.36 billion convertible loan note financing led by Third Point, with NVIDIA committing an additional $1 billion tranche expected to fund in mid-November 2026.
Nscale secures $2.36 billion at initial closing, with NVIDIA's $1 billion tranche to follow
The financing structure splits into two tranches: a $2.36 billion initial close and a subsequent $1 billion commitment from NVIDIA. Goldman Sachs & Co. LLC acted as placement agent for the round.