Published: May 11, 2026 at 12:19 pm
Nscale has raised an additional $790 million in financing to reinforce the continued development of its AI data centre in Narvik, Norway.
The financing has been committed by ABN AMRO, DNB, Eksfin, Nordea and SEB. It includes an additional $790m uncommitted accordion feature to fund a further 115MW expansion at the Narvik AI data centre.
Nscale recently raised $2 billion in Series C funding – led by Aker ASA and 8090 Industries – and secured a $1.4bn delayed draw term loan. Former Deputy Prime Minister and Facebook executive Nick Clegg has also joined its board.