Nscale Adds $790M to Fund 115MW AI Infrastructure Growth

Nscale has secured an additional 790 million in uncommitted financing, enabling a 115 megawatt expansion of its Narvik data center in Norway. This investment establishes the location as the site of Norway’s largest AI infrastructure project. The funding, provided by ABN AMRO, DNB, Eksfin, Nordea and SEB, follows Nscale’s completion of a 2 billion Series C round and a 1.4 billion loan, demonstrating a rapid scaling strategy to meet increasing demand. This provides pre-approved access to further capital, indicating confidence in continued growth beyond existing commitments. “Together, these developments position Nscale to deliver scalable, high-performance capacity to meet rapidly growing demand for our services,” said Josh Payne, Founder and CEO of Nscale.

790 Million Financing Secures Narvik AI Data Center Expansion

The financing package includes 790 million providing pre-approved access to further capital for continued growth beyond the initial investment. This latest round follows a 2 billion Series C funding and a 1.4 billion loan, illustrating Nscale’s rapid scaling strategy. A recently signed agreement reinforces the project’s momentum and solidifies the strategic importance of the Narvik campus as a key AI hub. Nscale’s vertically integrated approach, encompassing energy, data centers, and software, aims to provide the efficiency and control that advanced AI applications require, allowing the company to serve AI developers, enterprises, and governments.

This funding complements a 2 billion Series C round from March and a 1.4 billion loan. Crucially, the new financing includes 790 million allowing for a further 115 megawatt expansion of the Narvik data center. Nscale’s vertically integrated approach encompasses energy provision, data center operation, GPU compute, and software development, aiming to provide efficiency and control for AI applications.