According to a recent LinkedIn post from Nscale, the company has secured $790 million in committed financing to advance development of its AI data center in Narvik, Norway. The post describes the project as the largest AI infrastructure investment in Norway and notes backing from several Nordic and international banks, including ABN AMRO, DNB, Eksfin, Nordea, and SEB.
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The LinkedIn post also references earlier financing milestones, including a $2 billion Series C round and a $1.4 billion GPU-backed term loan, portraying Nscale as building a substantial capital base for AI infrastructure. For investors, this suggests an aggressive expansion strategy in a capital-intensive segment, potentially strengthening Nscale’s competitive position in European AI data centers while increasing execution and deployment risk tied to large-scale project delivery.