Aker-Nscale JV signs Multi-Billion Dollar AI infrastructure agreement with Microsoft
Norway, Sept. 17 -- Nscale Global Holdings Ltd. ("Nscale"), Aker ASA ("Aker") and Microsoft Corp. signed a binding five-year customer agreement marking a major milestone in the development of advanced European owned hyperscale AI infrastructure.At a contract value of approximately USD 6.2 billion, the agreement secures Microsoft's access to high-performance AI compute capacity to be delivered in staged deployments beginning in 2026. Located in Narvik, Northern Norway, the project will deliver the most advanced AI infrastructure powered by secured grid capacity and entirely renewable electricity. The Aker-Nscale joint venture continues to advance as planned and is expected to be formally established during the third quarter of 2025, subject ...
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