Compute / the Ledger · 2 deals
Who is paying whom for compute.
Every deal dated, typed in plain words, and linked to the document it comes from.
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Deals with Macquarie Bank as a party. Macquarie Bank’s page · Show every party
| Announced | Deal | Parties | Type | Value | Terms | Source |
|---|---|---|---|---|---|---|
| 18 Sept 2026 | Macquarie lends Nscale $105M to buy GPU cluster equipment for its Glomfjord, Norway data centerSignedSenior 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. |
| Loan against chips | $105M$105M term loan and letter-of-credit facility | Nscale Form S-1, filed 2026-09-18Regulatory filing | |
| 18 Sept 2026 | Macquarie lends Nscale's Iceland subsidiary $331.9M to buy GPUs, at Term SOFR plus 5.50%SignedSenior facility agreement dated 2026-07-29; borrower Nscale Services Iceland III ehf; Macquarie Bank Limited (London Branch) as mandated lead arranger, facility agent and security agent. $331.9M delayed-draw term loan at Term SOFR + 5.50%, 0.00% floor, interest paid monthly in cash. Matures 46 months from first utilization. Scheduled monthly amortization, plus additional payments so lenders reach a specified MOIC. Proceeds only for transaction costs and to fund or refinance part of the purchase price of certain GPU assets. |
| Loan against chips | $331.9M$331.9M delayed-draw term loan | 46 months | Nscale Form S-1, filed 2026-09-18Regulatory filing |
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