Nvidia is reportedly negotiating to back billions in debt financing for Nscale's planned Anthropic data center in West Virginia, according to The Information and corroborated by Bloomberg. Under the proposed residual value guarantee, Nvidia would cover construction costs if Nscale defaulted, temporarily take over the site, and help find a new buyer or tenant. Anthropic has already signed a $44.6 billion contract for the first building alone, per Nscale's IPO filing.
techcrunch.com
· 2026-10-31
British data center developer Nscale is renting a vessel called The Kalmar, a three-story barge once used to detain migrants, to house hundreds of contract laborers building its 30-megawatt Glomfjord facility in Norway. The project is at least six months behind schedule after cooling system leaks, an electrical fire, and labor problems, with only 6.4 megawatts currently operational. Bloomberg reported that workers described long shifts with inadequate training and safety protocols, and that a Norwegian labor authority investigation found Nscale's personnel records incomplete, sometimes listing only a worker's first name.
futurism.com
· 2026-10-20
Nscale is negotiating a new agreement with Anthropic worth roughly $45 billion to supply AI computing capacity, according to a source cited by Reuters. The deal would cover a second building at Nscale's Monarch data center campus in West Virginia, providing 460 megawatts of power using Nvidia's upcoming Vera Rubin chips. This follows an earlier $45 billion deal struck in August for the same campus's first facility.
slashdot.org
· 2026-10-20
Anthropic is negotiating a second multibillion-dollar agreement with UK-based cloud provider Nscale to lease computing capacity, according to a source who spoke to CNBC. The deal would cover a second 460-megawatt data center at the same West Virginia site as an earlier agreement reported in August, and could be worth roughly $45 billion. Anthropic declined to comment, and Nscale has not yet responded to requests for comment.
cnbc.com
· 2026-10-20
Microsoft has pulled out as anchor customer for Nscale's proposed 50MW (expandable to 90MW) AI data center in Loughton, Essex, which was meant to house 23,040 Nvidia GB300 GPUs for Azure starting in 2027. The withdrawal reportedly follows warnings from UK Power Networks that sufficient grid capacity may not arrive until the early-to-mid 2030s. Nscale says the project continues and it is seeking alternative power sources and sites.
hardware.slashdot.org
· 2026-10-20
Bloomberg reports, citing people familiar with the matter, that Anthropic and AI infrastructure provider Nscale are close to announcing another $45 billion compute agreement, just over a month after their first deal of the same size. Sources caution that talks remain ongoing and terms could still change. TechCrunch says it has contacted both companies for comment.
techcrunch.com
· 2026-10-19
A grove of about 200 blight-resistant American chestnut trees in West Virginia is at risk of being cleared for Nscale's planned 'Monarch Compute Campus,' a data center project developed with Nvidia and Caterpillar. The facility is slated to eventually cover more than 2,250 acres and deliver 8 gigawatts of computing capacity for AI firms including Anthropic, backed by over $20 billion in investment.
futurism.com
· 2026-10-10
British AI cloud company Nscale announced a $3.36 billion convertible financing round on Friday, led by hedge fund Third Point. Of that, $2.36 billion is available immediately, with another $1 billion coming from Nvidia in mid-November; the notes will convert to equity once Nscale's planned IPO closes.
techcrunch.com
· 2026-09-25
UK neocloud firm Nscale disclosed in documents tied to its US IPO that a ByteDance subsidiary called Spring accounted for $24 million of its $33 million 2025 revenue, giving Spring access to 2,304 Nvidia B200 chips at Nscale's Glomfjord, Norway facility. The ByteDance link surfaced not in Nscale's S-1 but in a supporting $105 million loan document with Macquarie, and the Financial Times reports the arrangement was legal under current US export rules.
tomshardware.com
· 2026-09-23
British AI cloud provider Nscale, spun out of Arkon Energy two years ago, disclosed over $103 billion in contracts ahead of its NYSE listing, but roughly 85% of that value comes from just two customers: Microsoft and Anthropic. The Anthropic deal remains conditional on Nscale securing financing and hitting milestones the company itself calls stringent, with Anthropic free to cancel if targets are missed. Nscale is targeting a $35 billion valuation and hopes to raise $3 billion, despite posting a $1.02 billion net loss on $140.6 million in revenue for the first half of the year.
techcrunch.com
· 2026-09-22
Anthropic and OpenAI are pursuing agreements for existing, smaller data center facilities with roughly 20-30 MW of capacity in the UK, Nordic countries and the US, according to a CNBC report citing sources familiar with the talks. This comes even as both companies have already committed tens of billions of dollars toward massive gigawatt-scale AI infrastructure projects, including Anthropic's $45 billion Nscale deal and OpenAI's expanding Stargate commitments.
tomshardware.com
· 2026-09-22
Nscale, a London-based cloud provider focused on AI infrastructure, has filed for an initial public offering on the New York Stock Exchange under the symbol NSCL. Its prospectus shows revenue jumped over 1,250% to $140.6 million in the first half of 2026, though the company posted a $1.02 billion net loss for the period and reports $56.4 billion in remaining performance obligations. Nscale rents out Nvidia GPUs to clients including OpenAI, Anthropic and Microsoft, and one undisclosed customer made up more than half of its first-half revenue.
cnbc.com
· 2026-09-18
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