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Nscale Narvik AI Buildout
Coverage from Time, Yahoo, and others
Nscale is building a large AI data center campus in Narvik, Norway, above the Arctic Circle, using access to hydropower and a cold climate to support high-density computing for Microsoft and OpenAI.
The first phase is planned at roughly 230 MW, with the completed campus potentially reaching 520 MW and a further 115 MW expansion supported by additional financing commitments. The project is advancing despite difficult terrain and weather, but later phases remain dependent on local power approvals, financing, and sustained customer demand.
The story is mostly a confirmation of the same Narvik build, but it now adds a clearer financing and expansion picture: Nscale has commitments for a further 115 MW beyond the already large 230 MW first phase and 520 MW full build. The current version also broadens the stakeholder set with Nvidia and makes the customer/demand risk more explicit.
The main update is that Nscale's financing stack has broadened and become more concrete, with named lenders and a reported $790 million additional commitment supporting the Narvik buildout. The story also now emphasizes that the next expansion phase remains contingent on local power approvals, sharpening the sense of execution risk.