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NSCALE DATA CENTERS

Nscale data centers.
What public records show.

Nscale filed to go public in September 2026. It reports about 25,000 active GPUs and about 1.37 GW of active and contracted capacity, mostly in Europe so far. We checked its three US sites. Two are billing according to their landlords. The largest, in West Virginia, is still awaiting its air permit.

See the 3 sites ↓How we grade evidence ↗

SITES CHECKED OCTOBER 5, 2026

3 Nscale sites.
10 public records.

Each site sits at the highest stage a record supports. Announced megawatts are shown beside the records, never added to them. A missing record does not mean a site is behind. Many counties publish nothing online.

  1. 0Announced
  2. 1Site identified
  3. 0Permitted
  4. 0Power secured
  5. 2Operating

Near Barstow and Pyote, Ward County, TX

Ward County campus (Ionic Digital Cedarvale site)

Operating

Why this stage: Per SEC filing. The landlord describes the site as fully energized at 234 MW and reports lease revenue from Nscale in 2026. That energization dates from the site's earlier bitcoin mining use. No filing or government record states that Nscale's GPUs are live.

Owner or developer
Ionic Digital
Nscale's role
Tenant under a 126-month lease, serving Microsoft
Link to Nscale
“In addition to the 234 MW currently leased to Nscale, the Nscale Agreement contractually obligates Nscale to lease an additional 89 MW, when such capacity becomes available.” Ionic Digital Form 10-Q
Announced capacity
240 MW. “Nscale will deliver approximately 104,000 NVIDIA GB300 GPUs in a ~240MW hyperscale AI campus in Texas” Nscale press release
Stated timing
“supporting the phased delivery of NVIDIA AI infrastructure services to Microsoft from Q3 2026” Source
Public records found for Ward County campus (Ionic Digital Cedarvale site), oldest first.
DateRecordWhat it showsSource
March 16, 2026State incentiveTexas Comptroller of Public Accounts · LD449964The state register lists the Cedarvale data center with Ionic Digital as owner and Nscale entities as occupant and operator.Status: Registered qualifying large data center projectRecord
July 13, 2026SEC filingIonic Digital, Form S-1/A · 0001185185-26-002919The landlord describes the site as fully energized and leased to Nscale for a hyperscale AI campus from Q3 2026, with 89 MW more expected by the second half of 2027, subject to regulatory approval.Stated capacity: “a self-owned, recently constructed, and fully energized facility powered by 234 MW”Status: FiledRecord
September 1, 2026SEC filingIonic Digital, Form 10-Q · 0002007691-26-000012The lease commenced for accounting purposes in December 2025, Ionic recognized $87.9 million of lease revenue from Nscale in the first half of 2026, and monthly fixed payments began in August 2026.Stated capacity: “the 234 MW currently leased to Nscale”Status: Lease revenue recognizedRecord
September 18, 2026SEC filingNscale, Form S-1 · 0001193125-26-395475Nscale took a $1.85 billion term loan in August 2026 to finance GPUs at the site, and NVIDIA agreed to guarantee up to $860.3 million of Nscale's lease obligations there.Status: FiledRecord
Unverified: not found in online records
  • No government record confirms Nscale's GPUs are live at the site.
  • No grid record was found for the planned expansion beyond 234 MW.
  • Figures differ by basis: about 240 MW per Nscale and 234 MW leased per Ionic. They are not added.

Madison, Rockingham County, NC

WhiteFiber NC-1

Operating

Why this stage: Per SEC filing. The landlord says initial deployment and billing to Nscale began in the third quarter of 2026. The full 40 MW is still subject to commissioning and customer acceptance. The landlord also discloses a Duke Energy service agreement for the site.

Owner or developer
WhiteFiber, through Enovum NC-1 Bidco
Nscale's role
Sole contracted colocation tenant for the first 40 MW
Link to Nscale
“entered into the Services Agreement with Nscale Services US Inc. and Nscale Global Holdings Limited (collectively, Nscale) for the provision of colocation and related services at our NC-1 facility.” WhiteFiber Form 10-Q
Announced capacity
40 MW. “Initial 40 MW IT load contracted to Nscale” WhiteFiber investor presentation, Form 8-K
Stated timing
“Initial billing commenced during the third quarter of 2026.” Source
Public records found for WhiteFiber NC-1, oldest first.
DateRecordWhat it showsSource
October 6, 2025Tax abatementRockingham County Board of Commissioners · Public hearing, October 6, 2025Hearing on a performance agreement granting the landlord 40 percent of county property taxes paid for the project at 805 Island Drive.Status: Public hearing held. Approval not confirmed from minutes.Record
August 12, 2026SEC filingWhiteFiber, Form 10-Q · 0001213900-26-088026The landlord discloses a Duke Energy service agreement targeting 40 MW gross by April 2026 and 99 MW within four years, and expected to begin delivering capacity to Nscale in the third quarter.Stated capacity: “40 MW (gross) by April 1, 2026, and 99 MW (gross) within four years”Status: FiledRecord
September 14, 2026SEC filingWhiteFiber, Form 8-K · 0001213900-26-099424The landlord says initial deployment and billing for Nscale began in the third quarter of 2026, with full revenue subject to commissioning and acceptance milestones.Stated capacity: “100% contracted for Phase 1 capacity which represents 40 IT Load MW. Initial billing commenced during the third quarter of 2026.”Status: Initial billing commencedRecord
UndatedAir permitNC DEQ Division of Air Quality · Facility 7900195The state lists the data center at 805 Island Drive as exempt from air permitting.Status: Permit exempt, as viewed October 4, 2026Record
Unverified: not found in online records
  • No public record shows how much of the 40 MW is delivered so far.
  • No building permit or certificate of occupancy was found online.

Point Pleasant, Mason County, WV

Monarch Compute Campus

Site identified

Why this stage: State air quality records tie the project's planned off-grid power plant to the parcel at 30 Monarch Way. The air permit is a draft open for comment until October 30, 2026, not yet issued.

Owner or developer
Nscale, through Monarch Cloud Campus LLC
Nscale's role
Owner and developer. Anthropic is the contracted customer.
Link to Nscale
“we will provide Anthropic with dedicated GPU infrastructure services at our Monarch Compute Campus, deploying NVIDIA Vera Rubin NVL72 GPUs across four tranches.” Nscale Form S-1
Announced capacity
1.37 GW. “with an initial 2 GWs of gross power capacity (1.37 GWs of IT load power capacity) expected to be online by the first half of 2028” Nscale Form S-1
Stated timing
“expected to be online by the first half of 2028” Source
Public records found for Monarch Compute Campus, oldest first.
DateRecordWhat it showsSource
April 20, 2026Air permitWest Virginia DEP, Division of Air Quality · R14-0042Application for an off-grid gas power plant to supply the data center campus at 30 Monarch Way.Status: Draft permit, preliminary determination to approve. Comment period to October 30, 2026.Record
July 16, 2026Public recordWest Virginia DEP, as published · Enforcement orderThe state ordered stormwater repairs and a partial halt to land disturbance after sediment from the construction site reached neighboring homes, which shows site work is underway.Status: Order issuedRecord
Unverified: not found in online records
  • The air permit for the campus power plant is not yet issued.
  • Nscale's S-1 says it has not obtained binding financing for the Anthropic deployment.

NOT YET CHECKED

Other Nscale sites.

These sites are named by the company or its partners. We have not yet checked their public records.

  • Nscale Ward County IIWard County, TX

    A separate Nscale entity has a pending Texas air permit for gas-fired power generation near Barstow. Its load and size are not disclosed.

  • Sites outside the USNorway, UK, Portugal, Iceland

    Includes operational sites at Glomfjord and Narvik in Norway and Loughton in the UK. Most of Nscale's revenue to date came from Portugal and Norway.

BEFORE YOU SIGN

Ask which site
backs your quote.

Company totals do not tell you whether your allocation is live. These questions tie a proposal to a site you can check.

  1. Which site will host my cluster? Ward County and the North Carolina site serve Microsoft, and the West Virginia campus is contracted to Anthropic.
  2. Is the capacity in my quote already live, or part of a phase still being commissioned?
  3. If my capacity depends on the West Virginia campus, what happens if its air permit or financing is delayed?
  4. What happens to my payment and commitment if delivery slips?

WORK THROUGH IT WITH AN ADVISOR

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Notes on these records

  • Nscale's 1.37 GW figure combines active and contracted capacity. Its S-1 gives no separate active megawatt figure.
  • The Monarch Phase 1 IT load and the company-wide figure are both about 1.37 GW. They measure different things and are not related.

Records were read online on October 5, 2026. Corrections are welcome through the form below. All providers ↗

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