Nscale secures $790M financing to underscore commitment to Norway data centre

Nscale , the UK AI infrastructure startup backed by Nvidia, has secured a fresh $790m in debt financing geared towards the development of an AI data centre in Norway, where OpenAI had planned to house its ambitious Stargate Norway project. The debt financing comes from Dutch multinational banks ABN AMRO, Norwegian bank DNB, along with Eksfin, Nordea, and SEB. The funding will go towards the AI infrastructure buildout of Nscale's data centre in Narvik, northern Norway.