Nscale has announced an additional $790 million in financing to reinforce the continued development of its AI data center in Narvik, Norway. This data center project is the largest AI infrastructure investment in Norway.
The committed financing includes an additional $790 million uncommitted accordion feature to fund a further 115MW expansion at the Narvik AI data center. The financing follows Nscale’s recently signed agreement, reinforcing the scale and strategic importance of the Narvik campus.
The news comes after the $2 billion Series C funding round in March 2026 — led by Aker ASA and 8090 Industries, and a $1.4 billion Delayed Draw Term Loan in February 2026. ABN AMRO Bank N.V., DNB Bank ASA and Nordea Bank Abp, filial i Norge act as Bookrunners and together with Export Finance Norway (nw. Eksportfinansiering Norge) and Skandinaviska Enskilda Banken AB (publ) as Mandated Lead Arrangers.
“Together, these developments position Nscale at the forefront of global AI infrastructure, delivering scalable, high-performance capacity to meet rapidly growing demand for our services”, said Josh Payne, Founder and CEO of Nscale.
