Nscale closes $1.85B of term loans against the Barstow campus, part of a $3B two-site raise
Nscale said on September 3 that it has closed $3 billion of delayed draw term loans across two facilities, of which $1.85 billion is tied to the Ward County campus at Barstow that it leases from Ionic Digital. J.P. Morgan and Goldman Sachs are named on the raise.
Related intelligence
Also on Ionic Digital Cedarvale ERCOT provisionally classifies the remaining 466 MW at Ionic's Ward County campus as Base Load Also on Ionic Digital Cedarvale Nscale signs Figure to a $3.5B compute deal, with the first GPUs going to its Barstow campus Also on Ionic Digital Cedarvale Microsoft holds a right of first refusal on 377 MW at Ward County, granted through Nscale rather than Ionic Also on Ionic Digital Cedarvale Ionic budgets $40M to $50M for Ward County this year and reports a debt-free balance sheet Also on Ionic Digital Cedarvale Ward County's first 234 MW is delivered to Nscale and cash rent starts, ten months after the lease was signed Also on Ionic Digital Cedarvale TNMP files Ward County's 466 MW expansion with ERCOT as base load, not as a new large-load request