Macquarie lends Nscale $105M to buy GPU cluster equipment for its Glomfjord, Norway data center

The parties

• Nscalecompany pageBorrower
• Macquarie BankLender

The source

Nscale Form S-1, filed 2026-09-18Regulatory filing

Senior facility agreement of June 2025 with Macquarie: $105.0M term loan and letter-of-credit facility to finance technology equipment for a GPU cluster at Glomfjord, Norway. $70.1M drawn 2025-08-01; remaining $34.9M drawn 2026-01-30. Macquarie received warrants valued at $6.3M, converted into Series B preferred shares at the Series B close. Amended and restated 2025-09-22 (Exhibit 10.12). Rate not stated in the passage read.

The same parties, other deals

• Nscale agrees to provide Anthropic dedicated GPU infrastructure at its Monarch Compute Campus for up to about $44.6B$44.6B · 18 Sept 2026
• Nscale agrees to acquire Anyscale for $1.65B, settled in Nscale equity$1.65B · 18 Sept 2026
• Dell Financial Services leases computing equipment to Nscale under 40 schedules totalling about $2.54B of initial-term rent$2.54B · 18 Sept 2026
• Nscale signs a multi-year GPU services agreement with Figure AI and takes a strategic stake in Figureundisclosed · 18 Sept 2026
• Nscale Services UK enters a $1.4B senior secured delayed-draw term loan to finance GPUs, at Term SOFR plus 5.00%$1.4B · 18 Sept 2026
• Nscale enters a revolving credit facility with JPMorgan Chase as agent, upsized from $770M to $900M$900M · 18 Sept 2026