Nscale — Glomfjord (Arctic Circle)
PRE-REVIEW DRAFT — right of reply sent 21 August 2026, pending until 4 September 2026
Norway · Operational
| Status | Operational |
|---|---|
| Capacity (MW) | 30 operational, expandable to 60 Sources: www.nscale.com |
| Power source claim | 100% renewable hydropower (operator claim). Heat reuse: waste heat directed to local fish farms/aquaculture in Glomfjord — named, concrete. Sources: www.nscale.com |
| Published PUE | ~1.1, per named company executive in a published interview — primary but approximate, not audited. Sources: www.nscale.com |
| Ownership / jurisdiction | Nscale, UK (HQ London). Aker ASA holds 9.3% of Nscale on a fully diluted basis (confirmed, finalized 13 Oct 2025), via a $285M commitment (cash + in-kind Narvik land) as part of the $1.1B Series B (closed 25 Sep 2025); potential increase to 12.2% via IPO earn-outs. Spun out of Arkon Energy (crypto-mining). CEO/Founder: Joshua Payne. Sources: www.nscale.com · www.aker.com |
| AI / GPU relevance | HIGH — AI-first GPU cloud operator; purpose-built for AI compute. Nscale markets heavily on 'sovereign AI' language — test against Sovereign axis criteria on its merits rather than accept as fact; Aker's 9.3% equity is a genuine but minority sovereignty data point. Sources: www.nscale.com |
| Verification notes | PUE graded B (primary but approximate, named executive interview, not audited). Contacts: [email protected], [email protected]. See separate Narvik (Aker Nscale JV) entry — a distinct 50/50 joint venture, materially larger than Glomfjord. Right of reply sent 21 Aug 2026; response window open until 4 Sep 2026. |
Fields marked UNVERIFIED could not be confirmed against a public source. We publish uncertain data as uncertain.