InfraCompute / Operators

Nscale

Nscale: recorded financings, named counterparties and project connections in the InfraCompute research register.

Research profile

The register contains 14 financing and capital observations associated with Nscale, with recorded event dates from 2023-12 to 2026-09-15. The observations cover cloud and corporate, GPU compute, data centres. These records describe historical disclosures and may include amendments, packages and components of the same financing.

Primary activities represented: Cloud and corporate; GPU compute; Data centres
Business models in recorded context: neocloud
Recorded currencies: USD
Named project connections: 1

Nscale in the contract library

The contract library quotes 105 extracts from nine contracts Nscale signed, across 46 clauses: what was agreed before, beside what the rest of the market signed.

Financing history

Browse all 14 observations for Nscale.

Connected developments and programmes

Named counterparties

Selected sources

Nscale September 2026 S-1 — selected indebtedness and financial-note paragraphsSource date: 18 September 2026
Nscale draft registration statement indexed Transactions with Sandton
Nscale Drift II Senior Facility Agreement as amended, Exhibit10.12Source date: 22 September 2025
Nscale Series B announcementSource date: 25 September 2025
Nscale GPU credit agreement — initial commitment and marginSource date: 11 February 2026
Nscale European GPU DDTL announcementSource date: 12 February 2026
Nscale Norway DC DA Senior Facilities Agreement, Exhibit10.21Source date: 7 July 2026
Nscale Closes a $900 Million Revolving Credit FacilitySource date: 7 July 2026

About this record

Compiled from the announcements and filings linked on each financing. Roles are as disclosed; a named arranger, agent or trustee may not hold the debt. Methodology · Send a correction.

Read the structure

Filed documents

12 documents behind these financings are filed on SEC EDGAR. Governing law across them: New York law (8), English law (3).

Deal	Filed document	Dated	Governing law	In InfraCompute
Nscale S-1 registration statement	Nscale Limited Form S-1 registration statement, 18 Sep 2026 (prospectus: debt descriptions, exhibit index)	18 September 2026	–	–
Nscale Iceland GPU facility (Macquarie)	Senior Facility Agreement (S-1 Ex 10.22)	29 July 2026	English law	–
Nscale Narvik (Kvandal South) DC facility	Senior Facilities Agreement (S-1 Ex 10.21)	7 July 2026	English law	–
Nscale S-1 registration statement	Amendment No. 2 to Revolving Credit and Guaranty Agreement, 30 Jun 2026 (S-1 Ex 10.18(b))	30 June 2026	New York law	–
Nscale S-1 registration statement	Amendment No. 1 to Revolving Credit and Guaranty Agreement, 17 Jun 2026 (S-1 Ex 10.18(a))	17 June 2026	New York law	–
Nscale corporate RCF	Revolving Credit and Guaranty Agreement (S-1 Ex 10.18)	8 May 2026	New York law	Quoted: GPU project SPVs outside the guarantor group · Quoted: GPU project SPVs outside the guarantor group · Quoted: GPU project SPVs outside the guarantor group
Nscale S-1 registration statement	Amendment No. 3 to Credit Agreement, 29 Apr 2026 (S-1 Ex 10.17)	29 April 2026	New York law	–
Nscale S-1 registration statement	Amendment No. 2 to Credit Agreement, 30 Mar 2026 (S-1 Ex 10.16)	30 March 2026	New York law	–
Nscale Europe GPU DDTL (Goldman)	Amendment No.1 to Credit Agreement (S-1 Ex 10.15)	12 March 2026	New York law	See the redline
Nscale Europe GPU DDTL (Goldman)	Credit Agreement (S-1 Ex 10.14)	11 February 2026	New York law	Quoted: DSCR cash trap in GPU loans · Quoted: Data centre access and step-in letters · Quoted: Security package across jurisdictions
Nscale Norway (Drift II) Macquarie facility	Amendment and Restatement of Senior Facility Agreement (S-1 Ex 10.12)	22 September 2025	English law	Quoted: Funding the GPU purchase · Quoted: Funding the GPU purchase · Quoted: Funding the GPU purchase
Convertible notes	Convertible Note Purchase Agreement (EX-10.1)	24 June 2024	New York law	–