SAN JOSE, CA (GTC), Mar 20, 2026 – Nscale has signed an agreement to acquire American Intelligence & Power Corporation (AIPCorp), sponsored by Fidelis New Energy and 8090 Industries, including the Monarch Compute Campus in West Virginia. The deal includes the Monarch Compute Campus, a 2,250-acre site in Mason County with a state-certified AI microgrid scalable to more than 8 GW. It also establishes Nscale Energy & Power, a new division based in Houston, Texas. Initial power capacity of 2 GW is expected by the first half of 2028, with expansion to about 8 GW planned by 2031.
”Nscale is a global company, and the US is the world’s largest AI infrastructure market. AI infrastructure needs to be built where demand is, and right now a significant share of that demand is in the United States,” said Josh Payne, CEO of Nscale. “Monarch allows us to meet that demand. The acquisition builds on our existing US footprint and reflects the pace at which we are scaling to serve customers around the world.”
Nscale Energy & Power
Nscale has appointed Daniel Shapiro as chief power officer and Bengt Jarlsjo as deputy chief power officer to lead Nscale Energy & Power. The acquisition transfers the AIPCorp and Fidelis New Energy teams, including leadership and staff, to Nscale. The team will support development of the Monarch Compute Campus and Nscale’s global development operations.
“The vision for AIPCorp was always to build the vertically integrated power-and-compute model that this combination achieves instantly. This combination – plus Nscale’s disciplined balance sheet – delivers exactly what the high-growth AI market demands: a debottlenecked, integrated neocloud platform built to scale,” said Daniel Shapiro, Chief Power Officer.
Morgan Stanley & Co. LLC and Latham & Watkins advised Nscale on the transaction. Greenhill, a Mizuho affiliate, advised AIPCorp, while Vinson & Elkins LLP represented Fidelis New Energy.
Source: Nscale
About Nscale
Nscale Ltd., founded in 2024, is a UK-based technology company specializing in AI-optimized cloud infrastructure and high-performance computing (HPC) solutions. Headquartered in London, with data centers in Glomfjord, Norway, Nscale offers a vertically integrated platform encompassing public and private cloud services, serverless inference, GPU clusters, and AI development tools. Its infrastructure is powered by renewable energy, emphasizing sustainability. Nscale serves various industries, including education, finance, government, healthcare, legal, manufacturing, software, and telecommunications, providing scalable solutions for AI model training, inference, and development. In January 2025, the company secured $155 million in Series A funding led by Sandton Capital Partners, supporting its expansion across Europe and North America.
About AIPCorp
American Intelligence & Power Corporation (AIPCorp) is an AI infrastructure company that develops power and compute platforms for data centers. Founded in 2026, it is headquartered in Houston, Texas, United States. The company designs, owns, and operates onsite energy systems and microgrids that supply power to data center operations. Its services include development of computing campuses, power generation systems, and energy storage integration for continuous operations. AIPCorp serves hyperscale cloud providers, enterprise data center operators, and industrial customers that require reliable power for AI workloads. Its projects include large-scale computing campuses that combine energy supply with data center infrastructure. The company focuses on deploying scalable energy and compute systems in the United States.
About Monarch Compute Campus
Monarch Compute Campus is a data center and energy infrastructure project that provides power and computing capacity for AI workloads. It is located in Mason County, West Virginia. The campus spans about 2,250 acres and is designed as a multi-phase development combining data centers with onsite power generation and energy storage. It delivers continuous power and compute resources for cloud providers, enterprise data center operators, and industrial users. The project uses natural gas-based generation with battery storage to manage variable computing demand. Monarch Compute Campus is part of a infrastructure platform developed by American Intelligence & Power Corporation and its partners. The site supports phased expansion of power and computing capacity.