Nscale, Aker ASA and OpenAI to establish Stargate Norway
Nscale, Aker ASA and OpenAI to establish Stargate Norway
Reference is made to today's stock exchange notice from Aker ASA ("Aker") where
Nscale Global Holdings Ltd. ("Nscale"), Aker and OpenAI announced the launch of
Stargate Norway: an advanced AI infrastructure project in Narvik, Northern
Norway.
The AI facility will be located in Kvandal, just outside Narvik and will be
owned by a 50/50 joint venture between Nscale and Aker to be formed through
wholly owned subsidiaries following the planned merger of Aker Horizons Holding
AS and Aker MergerCo AS. Reference is made to the announcement made by Aker
Horizons ASA on 9 May 2025 for terms of the merger. Completion of the joint
venture is subject to agreed-upon closing conditions.
ENDS
For further information, please contact:
Mats Ektvedt, Corporate Communications, tel: +47 41423328,
email: [email protected]
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements in
Regulation EU 596/2014 and the Norwegian Securities Trading Act § 5-12. This
stock exchange announcement was published by Mats Ektvedt, Partner in Corporate
Communications, on 31 July 2025 at 07:02 CET.