Aker’s transformation from an energy conglomerate to a leader in AI infrastructure has been significantly influenced by Bitcoin, which the company describes as an “industrial laboratory” for developing their technology. Their efforts began with the launch of Seetee in 2021, which harnessed high-density computing through Bitcoin, and have now evolved into nScale, which is preparing for a possible $15 billion IPO. Currently, Aker holds a 50% stake in the Narvik Stargate joint venture, which has secured $23 billion in commitments from Microsoft. This stake is poised to increase to 12.2% by the IPO, potentially valued at approximately $1.8 billion. Aker’s appeal lies in its combination of a stable energy business yielding 6% and its discounted entry into the AI market, further underscoring its significant position within the VanEck Onchain Economy ETF.
Aker transforms into AI leader with nScale and Bitcoin-backed IPO plans
