Nscale Secures $900 Million Credit Line to Fund AI Data Center Expansion
Nscale has closed a $900 million revolving credit facility, adding flexible borrowing capacity as the London-based AI infrastructure company accelerates data center and GPU deployments across the U.S., Europe and Asia-Pacific.
The facility was syndicated among J.P. Morgan, Goldman Sachs, Morgan Stanley, MUFG, RBC Capital Markets, Bank of America, Crédit Agricole CIB, Deutsche Bank, Mizuho, SMBC, TD Securities and KeyBank, the company said Tuesday.
Nscale did not disclose the maturity, pricing or collateral terms of the credit line. Founder and Chief Executive Officer Josh Payne said the facility reflected “institutional confidence” in the company’s platform, capital structure and team.
The financing follows a series of large fundraising and customer announcements that have pushed Nscale into the group of AI infrastructure developers racing to secure power, land, chips and capital for large-scale compute deployments.
In March, Nscale raised $2 billion in Series C funding led by Aker ASA and 8090 Industries, valuing the company at $14.6 billion. Investors in that round included Nvidia, Dell, Lenovo, Nokia, Citadel, Jane Street and Point72. The company also added Sheryl Sandberg, Susan Decker and Nick Clegg to its board.
Nscale has also been expanding its U.S. footprint. In March, the company acquired the Monarch Compute Campus in Mason County, West Virginia, and signed a letter of intent with Microsoft to provide up to 1.35 gigawatts of AI compute capacity using Nvidia Vera Rubin NVL72 systems. Nscale said the site has a power runway scalable to more than 8 gigawatts, with deployment planned across multiple tranches beginning in late 2027.
The new credit line adds another layer to Nscale’s capital stack after equity funding, project-level debt and customer-linked deployments. It also comes as AI infrastructure developers face rising competition for grid capacity and construction resources, while investors increasingly scrutinize whether announced data center commitments can move from headline figures to operating compute capacity.
