Nscale Global Holdings, a London-based AI infrastructure provider, has made its foray into the US with a 10 year colocation agreement worth US$ 865 million with AI infrastructure provider WhiteFiber, Inc.,a Nasdaq-listed data center developer. For starters, it plans to construct a colocation facility with an initial 40 MW located in Madison, North Carolina.
In a press release, WhiteFiber Inc. stated that the agreement with Nscale was signed through WhiteFiber’s subsidiary, Enovum Data Centers Corp. The aforementioned North Carolina facility NC-1, will be a data center campus, and will be delivered in two phases with the first scheduled for completion by April 30, 2026, and the remaining 20 MW targeted to commence on May 30, 2026. Nscale plans to use the capacity to support AI workloads for large, investment-grade technology customers and the deal establishes Nscale as an anchor tenant for the campus.
Sam Tabar, WhiteFiber, CEO, said, “This agreement validates our strategy to engineer NC-1 to meet hyperscaler specifications and support the most advanced AI workloads. We look forward to working closely with Nscale as we plan for the potential expansion of this deployment toward double its initial size by the end of 2027.”
Billy Krasskopoulos, WhiteFiber, President, said, “This partnership demonstrates the effectiveness of our retrofit model and how WhiteFiber can meet the exacting standards of leading AI providers with hyperscaler requirements on an accelerated timeline.”
NC-1 is WhiteFiber’s flagship campus and has been designed to meet hyperscaler requirements. The company said it has invested roughly US$ 150 million of equity into the site to date, reducing financing risk as construction continues. WhiteFiber expects to finalize a credit facility in early 2026 to fund remaining development and support future expansion, and is in discussions with multiple institutional lenders. The company is also evaluating credit enhancement structures intended to improve financing terms.
Readers would recall that in September 2025, Nscale raised US$ 1.1 billion in Series B funding to support its ambitious expansion plans across Europe, North America, and the Middle East. Nscale is also part of the Stargate Norway project which plans to deliver 230MW of capacity, with ambitions to expand by an additional 290MW. That site will be designed and built by Nscale and is expected to be owned by a 50/50 joint venture between Nscale and Aker, that has a century-long legacy in energy and industry.