AI infrastructure firm Nscale has announce an additional $790 million in financing — committed by ABN AMRO, DNB, Eksfin, Nordea and SEB — for the continued development of the AI data centre in Narvik, Norway.

“This data center project is the largest AI infrastructure investment in Norway,” said Nscale.

‍”The committed financing includes an additional $790 million uncommitted accordion feature to fund a further 115MW expansion at the Narvik AI data center.

“The financing follows Nscale’s recently signed agreement, reinforcing the scale and strategic importance of the Narvik campus.”

‍The new financing builds on strong recent momentum for Nscale, including the $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.

Josh Payne, Founder and CEO of Nscale, said: “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.”