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Nscale has appointed Justin Osofsky, a former Meta Platforms executive, as chief operating officer as the artificial-intelligence infrastructure company prepares for a planned U.S. stock-market listing. Osofsky will oversee global operations and report to Chief Executive Josh Payne, according to Bloomberg, which cited a person familiar with the matter.
The appointment adds an experienced technology operator to the London-based company as it scales data-center and computing capacity. Nscale confidentially filed for a New York listing in September, and previous Bloomberg reporting said it was seeking to raise as much as $3 billion to finance specialized hardware purchases and data-center expansion. The company has not publicly detailed the timing or final terms of the proposed offering in the reports reviewed.
Operations role comes as Nscale prepares for public markets
Osofsky spent 18 years at Meta, where he most recently served as chief partnerships officer. His new remit at Nscale includes global operations, but the report did not specify when he starts, whether he will take a board seat or how the company will divide responsibilities among its senior executives.
The hire follows a series of moves to add senior technology and public-company experience around Nscale. Former Meta chief operating officer Sheryl Sandberg is on the company’s board, and former Meta global affairs chief Nick Clegg has also joined its leadership orbit. Former OpenAI executive Fidji Simo was appointed to the board in September, according to TechCrunch.
That board appointment came as Nscale was preparing for an anticipated autumn IPO. Simo previously led Instacart through its 2023 public offering, TechCrunch reported. The appointment of another executive with a long Meta tenure broadens the company’s roster of leaders with experience at large technology businesses, though Nscale has not publicly described Osofsky’s specific priorities.
IPO plans follow rapid infrastructure expansion
Nscale develops and operates infrastructure used for AI computing, including data centers and high-performance computing resources. It began as part of cryptocurrency-mining business Arkon Energy before being spun out in 2024 and refocusing on AI infrastructure, according to company disclosures and contemporaneous reporting.
The company’s September SEC filing described an integrated business spanning access to powered land, data-center construction and operations, GPU deployment and management, and software. It also reported $103.4 billion in active and contracted total contract value as of August 31, 2026, of which $2.6 billion was active. Contracted value is not the same as revenue already earned; the filing distinguishes between operational contracts and the much larger total contracted figure.
Nscale’s filing also illustrates the investment required to build infrastructure at this pace. Axios, reviewing the filing, reported that the company recorded $140.6 million in revenue and a $1.02 billion net loss in the first half of 2026. Those figures make financing, construction and the conversion of customer commitments into operating capacity central issues for prospective investors to assess.
Capital needs and listing details remain in focus
The reported fundraising target of up to $3 billion would help fund hardware acquisitions and expand data-center capacity, Bloomberg previously reported. Nscale’s SEC materials describe long-term customer contracts and an infrastructure-first strategy, while the company’s disclosed financial results show that its current growth is accompanied by substantial losses and capital requirements.
The distinction between contracted commitments and active operations is material: a large contract backlog can signal anticipated demand, but it does not by itself show how quickly facilities will be built, brought online or converted into cash receipts. Nscale’s filing provides figures on contracted value and financial performance, but the supplied reports do not establish a final offering size, pricing range, exchange date or valuation.
For now, Osofsky’s appointment is confirmed through reporting attributed to a person familiar with the matter; neither the company nor Osofsky was quoted publicly in the article reviewed. Nscale’s next visible milestone is the planned IPO process, but its timing and terms remain subject to future filings and company announcements.
