Published: February 13, 2026 at 8:52 am
Nscale, a UK hyperscaler focused on AI, has signed a £1 billion delayed draw term loan backed by GPUs.
The raise follows the recent announcement of Nscale’s $1.1bn Series B equity raise – the largest Series B ever in European history, and the announcement of Nscale’s $433m pre-Series C round.
The GPU DDTL was led by funds managed by PIMCO, Blue Owl, and LuminArx Capital Management, with support from additional asset managers and banks.
Headquartered in London and operating globally, Nscale is an AI-native infrastructure platform, providing vertically integrated compute, networking, storage, managed software and AI services delivered in Nscale-owned and colocated data centres.
The latest raise will finance multiple cluster deployments located in Norway, Portugal, Iceland and the UK.