London Secures €1.1 Billion Debt Facility for GPU Cluster Deployment in Europe

Nscale Secures €1.1 Billion GPU Financing for AI Infrastructure Expansion

Nscale, a leading British hyperscaler specializing in AI technology, has recently announced the signing of a €1.1 billion ($1.4 billion) Delayed Draw Term Loan (DDTL) to acquire GPU infrastructure. This strategic move aims to enhance the company’s ability to deliver cutting-edge services under various contracts.

The GPU DDTL, totaling €1.1 billion, was successfully arranged with the support of prominent financial entities such as PIMCO, Blue Owl, and LuminArx Capital Management, along with contributions from other asset managers and banks. This significant funding follows Nscale’s previous financing rounds, including a €146 million Series A in late 2024 and a groundbreaking €936 million Series B in September 2025.

Josh Payne, the Founder and CEO of Nscale, expressed his enthusiasm for the new financing, stating, “We are witnessing a substantial demand for AI infrastructure to meet the evolving needs of businesses and consumers. This GPU debt financing represents a crucial step towards fulfilling that demand by supporting infrastructure that can be deployed rapidly and cost-effectively, whether for large-scale hubs in Norway or smaller metro clusters tailored for low-latency workloads.”

In 2025, several European AI infrastructure and compute-platform startups secured significant funding, highlighting the growing interest in alternatives to established hyperscalers. Notable among these are DataCrunch, which raised €55 million in September 2025 to expand its high-performance compute platform from Finland, and NexGen Cloud, a London-based provider that secured €41 million in April 2025 to enhance its sovereign AI infrastructure services.

Nscale, established in 2024, operates as an AI-native infrastructure platform, offering integrated compute, networking, storage, managed software, and AI services from its self-owned and colocated data centers. The company’s latest €1.1 billion GPU financing is set to accelerate the deployment of large-scale AI compute capacity for enterprise clients across Europe, building on its earlier equity rounds.

With a focus on sustainability, Nscale’s strategically located data centers leverage some of the world’s most cost-effective renewable energy sources, enabling the company to pass on significant savings to its customers. The GPU DDTL will support Nscale in expanding its large-scale GPU deployments across Europe, utilizing debt financing to facilitate GPU infrastructure purchases and meet the demands of executed contracts and future projects.

Amidst significant achievements over the past year, including securing contracts for multiple large-scale compute clusters worldwide and expanding its leadership team, Nscale continues to strengthen its global presence. The recent acquisition of Future-tech, a European data center engineering consultancy, further underscores the company’s commitment to growth and innovation in the AI infrastructure sector.