Strategic View:
UK-based AI firm Nscale has committed $865 million to a colocation agreement with WhiteFiber. A “Tenant-Developer Club” financing model.
Full Story:
Nscale, a vertical AI infrastructure firm, has signed a $865 million agreement with WhiteFiber for capacity at a new data center in North Carolina. This long-term contract effectively acts as the “credit anchor” for WhiteFiber’s own financing club.
By committing to 40 MW for 10 years, Nscale allows WhiteFiber to syndicate the construction debt cheaply. This symbiotic relationship—where the tenant’s balance sheet unlocks the developer’s capex—is a growing form of “Synthetic Club Deal.”
Why It Matters:
“GPU Cloud Economics.” specialized GPU clouds like Nscale are becoming major credit counterparties, replacing traditional telcos as the anchor tenants for new builds.
Source(s):
Data Center Knowledge
