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Cartis diligence evidence schedule

Microsoft–Nscale Sines AI Infrastructure Program

PRJ-0270 · Program · Sines, Setúbal, Portugal

Record last updated Oct 28, 2026

Scope and capacity

SIN01 is operational and currently marketed at 37.5 MW. SIN02 is the next planned 200 MW facility, with Nscale targeting 66,000+ Rubin GPUs from late 2027. SIN03-06 remain future envelopes within the 1.2 GW campus.

Headline: See constituent sites

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Blackwell GPU count · 12,600 GPUs

Actual · Microsoft–Nscale Sines AI Infrastructure Program (Project)

Claim 26096 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Nscale to deliver 66,000+ NVIDIA Rubin GPUs to Microsoft at Start Campus

    Nscale · Document date: May 5, 2026 · Corroborating

    Source reference: SRC-1458 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.nscale.com/press-releases/nscale-start-campus

  2. Microsoft makes one of its largest investments in Europe at Start Campus

    Start Campus · Document date: Nov 11, 2025 · Corroborating

    Source reference: SRC-1456 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.startcampus.pt/microsoft-makes-one-of-its-largest-investments-in-europe-at-start-campus-in-portugal

  3. Microsoft plans to invest $10 billion in Portuguese AI data hub

    Reuters · Document date: Nov 11, 2025 · Corroborating

    Source reference: SRC-1461 · News report · Recorded authority: Secondary

    Source URL

    https://www.reuters.com/business/microsoft-plans-invest-10-billion-portugal-ai-data-hub-bloomberg-news-reports-2025-11-11/

  4. Powering Europe's Next-Generation AI Infrastructure

    Start Campus · Document date: Oct 30, 2025 · Primary

    Source reference: SRC-1457 · Company announcement · Recorded authority: Party primary

    Source URL

    https://blog.startcampus.pt/a-defining-moment-for-start-campus

Rubin GPU count · 66,000 GPUs

Actual · Microsoft–Nscale Sines AI Infrastructure Program (Project)

Claim 26097 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Nscale to deliver 66,000+ NVIDIA Rubin GPUs to Microsoft at Start Campus

    Nscale · Document date: May 5, 2026 · Primary

    Source reference: SRC-1458 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.nscale.com/press-releases/nscale-start-campus

Shared infrastructure investment · €230 million

Actual · Microsoft–Nscale Sines AI Infrastructure Program (Project)

Claim 26098 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Nscale to deliver 66,000+ NVIDIA Rubin GPUs to Microsoft at Start Campus

    Nscale · Document date: May 5, 2026 · Primary

    Source reference: SRC-1458 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.nscale.com/press-releases/nscale-start-campus

Second building investment · €465 million

Actual · Microsoft–Nscale Sines AI Infrastructure Program (Project)

Claim 26099 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Nscale to deliver 66,000+ NVIDIA Rubin GPUs to Microsoft at Start Campus

    Nscale · Document date: May 5, 2026 · Primary

    Source reference: SRC-1458 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.nscale.com/press-releases/nscale-start-campus

Microsoft compute investment statement · $10 billion

Actual · Microsoft–Nscale Sines AI Infrastructure Program (Project)

Claim 26100 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. Microsoft makes one of its largest investments in Europe at Start Campus

    Start Campus · Document date: Nov 11, 2025 · Primary

    Source reference: SRC-1456 · Company announcement · Recorded authority: Party primary

    Source URL

    https://www.startcampus.pt/microsoft-makes-one-of-its-largest-investments-in-europe-at-start-campus-in-portugal

  2. Microsoft plans to invest $10 billion in Portuguese AI data hub

    Reuters · Document date: Nov 11, 2025 · Corroborating

    Source reference: SRC-1461 · News report · Recorded authority: Secondary

    Source URL

    https://www.reuters.com/business/microsoft-plans-invest-10-billion-portugal-ai-data-hub-bloomberg-news-reports-2025-11-11/

Counterparties and capital

Microsoft · Customer · CMP-0017

Nscale · Operator · CMP-0393

NVIDIA · Supplier · CMP-0010

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.