Nscale
European sovereign GPU cloud, hydro-powered in Norway
Layers as clusters, money as arcs, brand marks on the biggest stars
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Follows the graph · 1 entity
Full file coming soon. Nscale's links, deals and figures below are what the graph holds today.Not collected yet: 360, Investors, Market share, People and hiring, Legal, News and events, Earnings calls. Anthropic is the first complete company file (people, investors, legal, hiring, birth to now); other companies follow one at a time. Open Anthropic's file
Overview
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L1 Cloud · Cloud / compute · London, UK
Nscale
European sovereign GPU cloud, hydro-powered in Norway
- Links
- 3
- Deals from filings
- 1
- Exposed if it fails
- 1
- 19 within 2 steps
- It depends on
- 1
- 23 within 2 steps
No company file yet: revenue, customers and other figures appear here once they are taken from its filings.
What it is
Nscale is a fast-rising European sovereign AI cloud operating GPU clusters from hydro-powered Nordic data centers (Norway), raising large 2025 rounds and signing major capacity deals (including with Microsoft and for OpenAI-linked Stargate-Europe compute). It represents the emerging class of EU-jurisdiction neoclouds challenging US hyperscaler dominance on sovereignty and clean power.
Key facts
from its map entry- Power
- Nordic hydro
- Positioning
- EU sovereign neocloud
- 2025 deals
- Microsoft, Stargate-Europe
Pick a link to move the graph there: · ·
Connections3 links
Pulled 28 Oct 2026 · AI Systems Map links
Its suppliers
1Who depends on it
1Rivals
1Compare two: what Nscale shares with another entity
Pick a second entity to see their direct links, the suppliers, backers, rivals and regulators they share, and the deals with the same parties. The graph lights the same set.
Money1 deal
Pulled 27 Oct 2026 · Anthropic, PBC, Form S-1 registration statement · dated 26 Oct 2026
| Parties (money runs →) | Kind | Amount | Term | Source |
|---|---|---|---|---|
| → Up to about $44.6B for Nvidia GPU compute from Nscale, terms into 2033, fees only as capacity is delivered and accepted. Nscale must use best efforts to finance the GPUs and data centers. | compute | up to about $44.6B | ? to Dec 2033 | Anthropic, PBC, Form S-1 registration statement“Under the Nscale Services Agreements, we agreed to spend an aggregate of up to approximately $44.6 billion over terms extending into 2033, with fees accruing only as capacity is delivered to and accepted by us.”Open the source ↗ |
Amounts keep the filing's own wording (at least, up to, about). They are not added up: a compute commitment, a lease and an equity round are different kinds of money.
Financialsfrom its filings
Company file
Nscale: figures from its filings
Built from Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026. Every figure opens the exact text it comes from.
Sources · 1
- Anthropic, PBC, Form S-1 registration statement, 26 Oct 2026 · 1 quoted passage
Data sources2 sources
| Source | Feeds | Data dated | Pulled | Pulled again | Status |
|---|---|---|---|---|---|
| Anthropic, PBC, Form S-1 registration statement ↗1 quoted passage · sec.gov | Money | 26 Oct 2026 | 27 Oct 2026 | when a new document is filed | read from the document |
| AI Systems Map links3 links; built July 2026, deals re-checked against filings 27 to 28 Oct 2026 | Connections | · | 28 Oct 2026 | when the map is reviewed | hand-built; deals checked against filings |
Times are New York time. Free sources are pulled on the schedule shown by the pipeline runner (data/corpus/run_pipelines.py), which logs every run; paid sources run only with the owner's yes; filings and newsroom pages are re-read when a new document is filed.
Links come from the AI Systems Map ontology. Deals carry the filing's own wording and a quote, checked against the document; latest source 2026-10-26. Not investment advice.