Nscale Secures $900M For Data Center Expansion

Artificial intelligence infrastructure firm Nscale has closed a $900M line of credit intended to accelerate the construction of its global data center portfolio.

The London-based AI cloud firm said Monday the capital infusion will provide liquidity to accelerate its data center build-out in the U.S., Europe and Asia. The credit facility is syndicated across a number of major financial institutions, including J.P. Morgan, Goldman Sachs, MUFG, Morgan Stanley, RBC, Bank of America and Deutsche Bank. 

Nscale’s leadership says the participation of such a wide swath of major capital providers reflects confidence in the company's strategic direction and growth prospects. 

“We are building the infrastructure that the world's largest technology companies depend on to train, deploy, and scale AI, and this facility increases our flexibility to do that at speed and at scale,” Nscale founder and CEO Josh Payne said in a statement. 

With backing from tech giants like Nvidia, Dell and Nokia, Nscale has emerged as one of the world’s fastest-growing AI infrastructure firms. It raised $2B earlier this year, a fundraising round that valued Nscale at $14.6B. 

Nscale — which builds, leases and operates data centers — is one of a growing number of AI-specific cloud providers known as neoclouds that provide on-demand access to the graphics processing unit computing critical for artificial intelligence. With major players including CoreWeave, Core Scientific and Lambda, neoclouds are now the fastest-growing data center segment, posting 223% year-over-year revenue growth in the fourth quarter of 2025, according to Synergy Research Group.

In the U.S., Nscale’s data center portfolio includes a 240-megawatt data center in Ward County, Texas, codeveloped with Ionic Digital. Nscale also offers computing at data centers in West Virginia, where it is pursuing a massive project known as the Monarch Compute Campus with a targeted total capacity of more than 8 gigawatts.