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Nscale, the UK AI infrastructure startup backed by Nvidia, has secured 790M USD in debt financing to develop an AI data centre in Narvik, Norway.

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startups@social.vivaldi.net

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Nscale, the UK AI infrastructure startup backed by Nvidia, has secured 790M USD in debt financing to develop an AI data centre in Narvik, Norway. Microsoft will rent Nvidia chips at the site, which was previously earmarked for OpenAI's Stargate Norway project. Earlier this year Nscale was valued at 14.6B USD following a 2B USD Series C. https://tech.eu/2026/05/11/nscale-snaps-up-major-us-data-centre-site-inks-ai-compute-deal-with-microsoft/ #Tech #Startup #News #AI
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S startups@social.vivaldi.net

Nscale, the UK AI infrastructure startup backed by Nvidia, has secured 790M USD in debt financing to develop an AI data centre in Narvik, Norway. Microsoft will rent Nvidia chips at the site, which was previously earmarked for OpenAI's Stargate Norway project. Earlier this year Nscale was valued at 14.6B USD following a 2B USD Series C. https://tech.eu/2026/05/11/nscale-snaps-up-major-us-data-centre-site-inks-ai-compute-deal-with-microsoft/ #Tech #Startup #News #AI
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chewie@mammut.gogreenit.net

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RE: https://social.vivaldi.net/@startups/116557291592485460
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Er, cool, I guess.
Are they actually going to start building one in the UK first though? https://www.theguardian.com/technology/2026/mar/09/from-press-release-to-scrap-metal-site-the-essex-supercomputer-thats-still-a-scaffolding-yard
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