https://www.live-feeds.com/feed/josh-payne-the-australian-miner-who-wooed-ai-giantsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/josh-payne-the-australian-miner-who-wooed-ai-giantshttps://www.live-feeds.com/feed/josh-payne-the-australian-miner-who-wooed-ai-giants#u89478Tue, 29 Sep 2026 20:46:33 +0000Nscale, an AI data center firm backed by Nvidia, secured $3.36 billion in convertible financing ahead of a potential $35 billion US IPO. The funding round was led by Third Point, with participation from Nvidia, Apollo, and Citadel. Nscale's total contracted value now tops $103 billion. Founder Josh Payne, an Australian miner turned AI entrepreneur, aims to capitalize on the growing demand for AI infrastructure.Why it mattersNscale's push for a $35 billion IPO highlights the growing interest in AI infrastructure. The firm's success could depend on its ability to secure power for