Aker Becomes Largest Shareholder in AI Hyperscaler Nscale After Series C Roll-Up

Aker ASA ( (AKAAF) ) has shared an announcement.

Aker ASA has deepened its exposure to artificial intelligence infrastructure by increasing its stake in Nscale Global Holdings, a hyperscaler specializing in AI data center and compute platforms across Europe, North America, and other markets. The move underscores Aker’s strategy to pivot more capital toward high-growth digital infrastructure while maintaining Norway as a key industrial hub for its portfolio companies.

Participating in Nscale’s roughly USD 2 billion Series C round with a USD 350 million cash investment and rolling up its 50% interest in the Aker Nscale joint venture, Aker is set to become Nscale’s largest shareholder with about 23.9% ownership on a fully diluted basis. The simplified ownership structure, strengthened Nscale board with high-profile international appointees, and continuity through Norwegian leadership and advisory roles collectively enhance Aker’s direct influence over Nscale’s global expansion and reinforce its standing in the rapidly scaling AI infrastructure market.

The most recent analyst rating on (AKAAF) stock is a Sell with a NOK565.00 price target. To see the full list of analyst forecasts on Aker ASA stock, see the AKAAF Stock Forecast page.

More about Aker ASA

Aker ASA is a Norwegian industrial investment company with interests spanning energy, industrials, and technology-focused ventures. Through strategic stakes and joint ventures, Aker targets high-growth sectors and positions itself as a long-term owner, increasingly emphasizing digital and AI-enabled infrastructure alongside its traditional industrial portfolio.

YTD Price Performance: 23.05%

Average Trading Volume: 46,933

Current Market Cap: NOK70.2B

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