Nscale secured an additional $790 million in financing from investors to fund a further 115MW expansion at the Narvik AI data center. The data center project is the largest AI infrastructure investment in Norway.
The financing follows Nscale’s recently signed agreement, reinforcing the scale and strategic importance of the Narvik campus.
The news follows Nscale's $2 billion Series C funding round in March 2026 — led by Aker ASA and 8090 Industries and the $1.4 billion Delayed Draw Term Loan in February 2026.
“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," Nscale CEO Josh Payne said in a statement.
Read the full release here.