L1 · CloudCloud / computeLondon, UK

Nscale

European sovereign GPU cloud, hydro-powered in Norway

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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

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L1 Cloud · Cloud / compute · London, UK

Nscale

European sovereign GPU cloud, hydro-powered in Norway

RSS
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

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Connections3 links

Pulled 28 Oct 2026 · AI Systems Map links

Its suppliers

1

Who depends on it

1

Rivals

1

Compare two: what Nscale shares with another entity

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Money1 deal

Pulled 27 Oct 2026 · Anthropic, PBC, Form S-1 registration statement · dated 26 Oct 2026

Parties (money runs →)KindAmountTermSource
→

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.

computeup 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

Data sources2 sources

SourceFeedsData datedPulledPulled againStatus
Anthropic, PBC, Form S-1 registration statement ↗1 quoted passage · sec.govMoney26 Oct 202627 Oct 2026when a new document is filedread from the document
AI Systems Map links3 links; built July 2026, deals re-checked against filings 27 to 28 Oct 2026Connections·28 Oct 2026when the map is reviewedhand-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.