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The Markets Desk — Week 46 · Wed 11 Nov 2026
Compute · a party on the Ledger

Nscale

13 deals · Borrower ×7 · Provider ×3 · Acquirer ×1 · Took the investment ×1 · Tenant ×1

Nscale’s company pageIn the LedgerThe compute board
Every published deal Nscale is on, newest first
AnnouncedDealRoleKindSizeSource
18 Sept 2026Nscale agrees to provide Anthropic dedicated GPU infrastructure at its Monarch Compute Campus for up to about $44.6BProviderCapacity contract$44.6BNscale Form S-1, filed 2026-09-18
18 Sept 2026Nscale agrees to acquire Anyscale for $1.65B, settled in Nscale equityAcquirerAcquisition$1.65BNscale Form S-1, filed 2026-09-18
18 Sept 2026Dell Financial Services leases computing equipment to Nscale under 40 schedules totalling about $2.54B of initial-term rentTenantLoan against chips$2.54BNscale Form S-1, filed 2026-09-18
18 Sept 2026Nscale signs a multi-year GPU services agreement with Figure AI and takes a strategic stake in FigureProviderCapacity contractundisclosedNscale Form S-1, filed 2026-09-18
18 Sept 2026Nscale Services UK enters a $1.4B senior secured delayed-draw term loan to finance GPUs, at Term SOFR plus 5.00%BorrowerLoan against chips$1.4BNscale Form S-1, filed 2026-09-18
18 Sept 2026Nscale enters a revolving credit facility with JPMorgan Chase as agent, upsized from $770M to $900MBorrowerLoan against chips$900MNscale Form S-1, filed 2026-09-18
18 Sept 2026ABN AMRO, DNB and Nordea lend Nscale's Norway subsidiary $790M for data center construction at Kvandal SouthBorrowerLoan against chips$790MNscale Form S-1, filed 2026-09-18
18 Sept 2026Macquarie lends Nscale's Iceland subsidiary $331.9M to buy GPUs, at Term SOFR plus 5.50%BorrowerLoan against chips$331.9MNscale Form S-1, filed 2026-09-18
18 Sept 2026Macquarie lends Nscale $105M to buy GPU cluster equipment for its Glomfjord, Norway data centerBorrowerLoan against chips$105MNscale Form S-1, filed 2026-09-18
18 Sept 2026Nscale's North Carolina borrower enters a $1.2B delayed-draw term loan to finance GPUs, arranged by Goldman Sachs and JPMorganBorrowerLoan against chips$1.2BNscale Form S-1, filed 2026-09-18
18 Sept 2026NVIDIA agrees to buy $1.0B of Nscale convertible notes or non-voting shares within a $3.1B minimum subscriptionTook the investmentEquity stake$1BNscale Form S-1, filed 2026-09-18
18 Sept 2026Nscale's Ward County, Texas borrower enters a $1.85B delayed-draw term loan to finance GPUs, arranged by JPMorgan and Goldman SachsBorrowerLoan against chips$1.85BNscale Form S-1, filed 2026-09-18
15 Oct 2025Nscale contracts to supply Microsoft with about 200,000 Nvidia GB300 GPUs across Texas, Portugal, the UK and NorwayProviderCapacity contractundisclosedNscale press release, 2025-10-15

Facts only · every row read in its source · a party is matched by its name as the deals state it