Nvidia-backed Nscale receives US$900 million in revolving credit to accelerate global AI data center layout

Nvidia-backed Nscale receives US$900 million in revolving credit to accelerate global AI data center layout.

Nscale, a British artificial intelligence infrastructure startup backed by Nvidia, announced on Tuesday local time that it has finalized a US$900 million revolving credit line that will be used to accelerate the construction of its data centers in Europe, the United States and the Asia-Pacific region.

According to the company's official website, Nscale currently provides AI computing services to European and American customers through its own and partner-operated data center networks, and is actively promoting the layout of AI infrastructure in Asia.

Enterprise customers can reserve GPU resources and use the computing services provided by their data centers. Nscale said that the revolving credit line obtained this time will provide the company with more flexible financial support and accelerate its data center expansion plan.

This financing was jointly provided by a syndicate of several large international investment banks, including JPMorgan Chase, Goldman Sachs, Morgan Stanley, Mitsubishi UFJ Financial Group, RBC Capital Markets, Bank of America, Deutsche Bank, Mizuho Bank, etc.

Nscale CEO Josh Payne said: "We are building the infrastructure that the world's largest technology companies rely on to train, deploy and scale AI models, and this financing will further enhance our financial flexibility and enable us to advance related construction at a faster speed and on a larger scale." Nscale quickly entered the mainstream market after its founding in 2024.

Backed by Nvidia, Dell Technologies and Nokia, among others, Nscale completed a $2 billion round of financing earlier this year, valuing the company at $14.6 billion. As investors continue to be optimistic about the development prospects of AI infrastructure, capital continues to pour into this field.

The completion of the revolving credit financing comes less than two months after Nscale received another $790 million in financing. That funding will be used to advance the company's data center project in Norway. In May this year, Nscale said it would use the above funds to expand an AI data center near Narvik in northern Norway.

After the center is completed, it is expected to deploy more than 30,000 NVIDIA Rubin series AI processors.

However, in recent years, the large-scale financing arrangements provided for AI infrastructure construction have also caused some investors to worry: related companies may be taking on excessive debt and continue to invest heavily when AI has not yet generated economic returns commensurate with their investment, which may give rise to a market bubble waiting to burst.

In this regard, Payne said that the acquisition of the revolving credit line shows that the world's large investment banks have confidence in Nscale's capital structure and data center expansion strategy. (

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