Nscale's Rapid Growth Continues with £580m Boost

Nscale lands additional $790M from ABN AMRO, DNB for Narvik AI infrastructure project in Norway

Nscale secures $790M in debt financing from ABN AMRO, DNB, Eksfin, Nordea, and SEB for its Narvik campus  The raise adds to a $2B Series C in March and a $1.4B term loan in February, bringing the total capital deployed at Narvik toward a $6.2B project valuation OpenAI, Microsoft and 30,000 NVIDIA Rubin GPUs are already committed to the site, making Narvik the most consequential AI infrastructure bet in Europe right now Nscale has secured $790 mi…

Nscale extends funding momentum with €670 million for Norway AI infrastructure project

London’s AI infrastructure hyperscaler titan Nscale has announced an additional €670 million ($790 million) in financing to reinforce the continued development of the AI data centre in Narvik, Norway; reportedly the largest AI infrastructure project in the country. The financing was committed by ABN AMRO, DNB, Eksfin, Nordea and SEB. The committed financing includes an additional €670 million ($790 million) uncommitted accordion feature to fund …

Nscale's rapid growth continues with £580m boost

London-based AI data centre group Nscale’s meteoric rise continues with a new $790m (£580m) investment. Nscale has raised the additional financing to support the development of an AI data centre in Narvik, Norway. The injection comes just two months after the company was valued at $14bn following a £1.5bn Series C funding round. “Together, these developments position Nscale at the forefront of global AI infrastructure, delivering scalable, high-…

Nscale secures $790m in financing for Norway data center project

Funding comes with an additional $790m uncommitted accordion feature for further expansion