Nscale Narvik AI Campus

Nscale is building a 230-MW AI campus at Kvandal near Narvik, now anchored by Microsoft after the development's earlier Stargate Norway launch with OpenAI and Aker. Nscale Narvik AI Campus is in Kvandal / Narvik, NO and is a data center campus with construction status. Participants include Nscale as developer, Microsoft as customer, Aker ASA as investor, Nordscale Operations AS as operator. Published specifications include 230 MW planned capacity, 290 MW future potential. Development comprises Historical Stargate Norway launch (preconstruction), Initial 230-MW campus (construction), Potential additional 290 MW (proposed). Key milestones include Nscale and Nordkraft form Nordscale Operations. (2026-07-06) and Customer service and Rubin deployment targeted in 2027. (2027-01-01). renewable power ppa: Long-term renewable PPA for first phase; contracted volume not disclosed. direct to chip closed loop cooling: Closed-loop liquid cooling described at launch. Capital records include sponsor equity and commitment of 1000000000 USD for Initial 20-MW historical Stargate phase; includes more than $250M sponsor equity in aggregate, equally funded by Nscale and Aker. and committed senior financing of 790000000 USD for Committed financing from ABN AMRO, DNB, Eksfin, Nordea and SEB for the Norway campus.