Latham Advises Nscale on Acquisition of American Intelligence & Power Corporation

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 — with plans to build one of the world’s largest AI factories. The acquisition secures the Monarch Compute Campus, a site spanning up to 2,250 acres in Mason County, West Virginia, and the United States’ first state‑certified AI microgrid, with a power runway scalable to over 8 gigawatts. It also establishes Nscale Energy & Power, a new global division of Nscale headquartered in Houston, Texas. The site has access to long‑term, low‑cost, onsite powered microgrid capacity to support multigigawatt expansion over the long term, a key bottleneck in the buildout of high‑demand, cutting-edge AI compute.

Latham & Watkins LLP advises Nscale on the transaction with a corporate deal team led by Houston partner Kevin Richardson, with associates Jameson Miller, Ana Leycegui,* David Lee, and E.B. Nasir. Advice on capital markets matters was also provided by New York partners Michael Benjamin and Adam Gelardi; on tax matters by Washington, D.C. partner Andrea Ramezan‑Jackson, with associate Eni Kassim; on real estate matters by Bay Area partner Hilary Strong and Los Angeles counsel Tiffany Taubman, with associate Lura Bonney; on intellectual property matters by New York counsel Carrie Girgenti, with associate Jamie Eimbinder; on benefits matters by New York partner Bradd Williamson and Chicago counsel Leah Segall, with associate Victoria Wolfe; on cyber and data privacy matters by Houston partner Robert Brown, with associate Stuart Cobb; on ELR matters by Los Angeles and Houston partner Joshua Marnitz, Orange County/Washington, D.C. partner Nikki Buffa, and Orange County counsel Lucas Quass, with associate Nolan Fargo; on finance matters by Houston partner Trevor Wommack, with associate Eugenio Cardenas; on construction matters by Houston partner Jonathan Katz, with associate John Elias; on UK matters by London counsel Jennifer Cadet, with associate Toni Adejuyigbe; and on FERC matters by Washington, D.C. partners Pat Nevins and Natasha Gianvecchio, with associate Richard Griffin.

*Admitted to practice in Massachusetts only.