tech
Nscale secures $790m financing for Narvik AI data centre
Nscale, the vertically integrated AI-infrastructure company, has secured an additional $790m of debt financing to continue building out its AI data centre in Narvik, northern Norway, the company said on Monday.
TL;DR
- Nscale secured an additional $790 million in debt financing for its AI data centre in Narvik, Norway.
- The financing was provided by ABN AMRO, DNB, Eksfin, and Nordea, with SEB as Mandated Lead Arranger.
- An additional $790 million uncommitted accordion feature is available for a 115MW expansion at the Narvik site.
- This funding follows Nscale's $2bn Series C in March 2026 and a $1.4bn delayed-draw term loan in February 2026.
- Nscale has a recently signed agreement with Microsoft for the Narvik campus.
- The company also has AI infrastructure projects in Portugal and West Virginia.
- Nscale describes itself as vertically integrated, serving AI-native customers, enterprises, and governments.