.png)
Company achieves investment grade ratings on both facilities
London, U.K. 31 August 2026 – Nscale, the hyperscaler engineered for AI, today announced the closing of approximately $3 billion in aggregate commitments across two senior secured delayed draw term loan facilities (“DDTLs”), one supporting its Ward County, Texas campus and the other its Madison, North Carolina site. The loan facilities, which have each received investment-grade ratings with stable outlooks, provide up to $1.85 billion for Ward County and up to $1.2 billion for Madison.
The facilities will primarily fund the deployment of GPU infrastructure and associated networking, storage, and liquid-cooling equipment across both campuses:
Ward County, Texas: A purpose-built AI infrastructure campus designed to support high-density, next-generation compute deployments. The facility combines closed-loop direct liquid cooling and rear-door heat exchangers to enable efficient operation of advanced AI systems at scale. The up to $1.85 billion loan facility, issued through Nscale Ward County Borrower SPV, LLC, will fund the deployment of NVIDIA GB300 (Blackwell Ultra) and VR200 (Vera Rubin) systems supporting approximately 275 MW of IT load.
Madison, North Carolina: A 96-acre colocation site with up to 40 MW of capacity. The up to $1.2 billion loan facility will fund site retrofit capital expenditures, GPU infrastructure and associated networking required to support high-performance AI compute deployments.
J.P. Morgan and Goldman Sachs served as joint lead arrangers, joint bookrunners, and co-structuring agents for both facilities. J.P. Morgan served as lead left arranger for Nscale’s Ward County facility. Goldman Sachs served as lead left arranger for Nscale’s North Carolina facility.
About Nscale
Nscaleis a full-stack AI cloud platform. We bring together software, compute, andpower in a vertically integrated offering – from a unified cloud platform forrunning AI training and inference, to the data centers and low-cost power thatmake it possible. Our mission is to build the engine of superintelligence andenhance access to the benefits of advanced AI for enterprises, governments, andthe communities that depend on them.
For more information, visit www.nscale.com
Press contact: press@nscale.com
IR contact: IR@nscale.com
