Nscale closes about $3 billion for Texas and North Carolina AI campuses
Nscale said the financing will support GPU infrastructure and related equipment at sites in Ward County, Texas, and Madison County, North Carolina.
Nscale said on Aug. 31, 2026, that it closed about $3 billion in aggregate commitments across two senior secured delayed draw term loan facilities to fund AI campus deployments in Ward County, Texas, and Madison County, North Carolina.
The company said the financing will support the buildout of GPU infrastructure, networking, storage and liquid-cooling equipment at the two campuses. The announcement also said each facility received investment-grade ratings with stable outlooks.
The Ward County facility provides up to $1.85 billion, while the Madison County facility provides up to $1.2 billion, according to Nscale. The company said J.P. Morgan and Goldman Sachs served as joint lead arrangers, joint bookrunners and co-structuring agents for both facilities. Nscale also said J.P. Morgan was lead left arranger for the Ward County facility and Goldman Sachs was lead left arranger for the North Carolina facility.
Nscale described itself in the release as a full-stack AI cloud platform focused on software, compute and power, with a vertically integrated offering for AI training and inference.
The company did not provide a timetable in the release for when the funds will be drawn or when the campuses will be completed.
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Editorial note: This article was prepared with AI assistance and includes source attribution for reader review.
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