Cartis diligence evidence schedule
Nscale Narvik AI Campus
PRJ-0107 · Site · Kvandal / Narvik, Norway
Captured 2026-09-06T04:12:25.493Z · Record last updated 2026-08-24
SHA-256: 130a8d2e8827a7404f704b186281ff0e032ed2d5e89546bd8483ca44f6b831ec
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Scope and capacity
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.
Headline: 290 MW Planned / design
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.
Claims and exhibit sources
Designed Power Capacity · 230 MW
Planned / design or future potential · Nscale Narvik AI Campus (project)
Claim 11837 · Review: Approved · Claim date: 2025-07-31T00:00:00+00:00
Headline treatment: Separate claim, not added to the headline
- Nscale and Nordkraft form Nordscale
Nscale · Document date: 2026-07-06 · Corroborating
https://www.nscale.com/press-releases/nordscale - Inside Norway's rapidly changing AI campus
TIME · Document date: 2026-06-04 · Corroborating
https://time.com/article/2026/06/03/ai-norway-nscale-data-center/ - Vattenfall and Nscale partner on Norway AI infrastructure
Vattenfall · Document date: 2026-05-26 · Corroborating
https://group.vattenfall.com/press-and-media/pressreleases/2026/vattenfall-and-nscale-partner-to-support-ai-infrastructure-growth-in-norway/ - Nscale secures $790 million for Norway campus
Nscale · Document date: 2026-05-11 · Corroborating
https://www.nscale.com/press-releases/nscale-secures-790-million-norway - Nscale and Microsoft expand Norway AI infrastructure
Nscale · Document date: 2026-04-14 · Corroborating
https://www.nscale.com/press-releases/nscale-microsoft-norway - Aker ASA Annual Report 2025
Aker ASA · Document date: 2026-03-16 · Corroborating
https://www.akerasa.com/~/media/Files/A/aker-corp/results-and-presentations/Aker_ASA_Annual_Report-2025.pdf - Nscale and Microsoft 2025 AI infrastructure agreement
Nscale · Document date: 2025-10-15 · Corroborating
https://www.nscale.com/press-releases/nscale-microsoft-2025 - Introducing Stargate Norway
OpenAI · Document date: 2025-07-31 · Primary
https://openai.com/index/introducing-stargate-norway/ - Stargate Norway: Nscale, Aker and OpenAI
Nscale · Document date: 2025-07-31 · Corroborating
https://www.nscale.com/press-releases/stargate-norway-nscale-aker-openai - Nscale AI infrastructure locations
Nscale · Document date: Not published · Corroborating
https://www.nscale.com/ai-infrastructure
Potential Expansion Capacity · 290 MW
Planned / design or future potential · Nscale Narvik AI Campus (project)
Claim 11838 · Review: Approved · Claim date: 2025-07-31T00:00:00+00:00
Headline treatment: Selected headline
- Introducing Stargate Norway
OpenAI · Document date: 2025-07-31 · Primary
https://openai.com/index/introducing-stargate-norway/ - Nscale AI infrastructure locations
Nscale · Document date: Not published · Corroborating
https://www.nscale.com/ai-infrastructure
Microsoft Gpu Deployment · 52,000 NVIDIA GB300 GPUs
reported rounded · Nscale Narvik AI Campus (project)
Claim 11840 · Review: Approved · Claim date: 2025-10-15T00:00:00+00:00 · Supersedes 11839
- Nscale and Microsoft 2025 AI infrastructure agreement
Nscale · Document date: 2025-10-15 · Primary
https://www.nscale.com/press-releases/nscale-microsoft-2025
Microsoft Rubin Gpu Addition · 30,000 NVIDIA Rubin GPUs
Source report · Nscale Narvik AI Campus (project)
Claim 11841 · Review: Approved · Claim date: 2026-04-14T00:00:00+00:00
- Nscale and Microsoft expand Norway AI infrastructure
Nscale · Document date: 2026-04-14 · Primary
https://www.nscale.com/press-releases/nscale-microsoft-norway
Customer Contract Value · $6.20 billions
actual · Nscale Narvik AI Campus (project)
Claim 11842 · Review: Approved · Claim date: 2026-03-16T00:00:00+00:00
- Aker ASA Annual Report 2025
Aker ASA · Document date: 2026-03-16 · Primary
https://www.akerasa.com/~/media/Files/A/aker-corp/results-and-presentations/Aker_ASA_Annual_Report-2025.pdf
Branding Status · Stargate Norway branding dropped; campus presented as Nscale Narvik
actual · Nscale Narvik AI Campus (project)
Claim 11843 · Review: Approved · Claim date: 2026-06-04T00:00:00+00:00
- Inside Norway's rapidly changing AI campus
TIME · Document date: 2026-06-04 · Corroborating
https://time.com/article/2026/06/03/ai-norway-nscale-data-center/ - Nscale and Microsoft expand Norway AI infrastructure
Nscale · Document date: 2026-04-14 · Primary
https://www.nscale.com/press-releases/nscale-microsoft-norway
Operations Timing · Service/operations targeted for 2027
Planned / design or future potential · Nscale Narvik AI Campus (project)
Claim 11845 · Review: Approved · Claim date: 2026-05-26T00:00:00+00:00
- Vattenfall and Nscale partner on Norway AI infrastructure
Vattenfall · Document date: 2026-05-26 · Primary
https://group.vattenfall.com/press-and-media/pressreleases/2026/vattenfall-and-nscale-partner-to-support-ai-infrastructure-growth-in-norway/
Counterparties and capital
Aker ASA · Investor · CMP-0394
Microsoft · Customer · CMP-0017
Nordkraft AS · Investor · CMP-0396
Nordscale Operations AS · Operator · CMP-0395
Nscale · Developer · CMP-0393
Vattenfall · Utility Provider · CMP-0397
$1,000,000,000 · 2025-07-31
Initial 20-MW historical Stargate phase; includes more than $250M sponsor equity in aggregate, equally funded by Nscale and Aker.
Aker ASA (Sponsor) · Nscale (Sponsor)
Financing record 50; claim-specific source links appear in the exhibit sources where published.
$790,000,000 · 2026-05-11
Committed financing from ABN AMRO, DNB, Eksfin, Nordea and SEB for the Norway campus.
ABN AMRO (Lender) · DNB (Lender) · Export Finance Norway (Eksfin) (Other) · Nordea (Lender) · SEB (Lender)
Financing record 51; claim-specific source links appear in the exhibit sources where published.
$790,000,000 · 2026-05-11
Uncommitted option for a further 115 MW; must not be treated as funded or added to committed debt.
Nscale (Borrower)
Financing record 52; claim-specific source links appear in the exhibit sources where published.
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