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Nscale Keflavik · Reykjanesbær, Iceland

Last change recorded 2026-10-04 · Last checked 2026-10-04

OwnerNscale
Users—
IT power, end of 202610 MW (est.)
Planned end state10 MW
First power2026-04-23
Build-out complete2026-12-31 (est.)
Power pathGrid supply
Binding stepNo data yet
First power vs announcedNo announced date on record
Full build-out vs announcedNo announced date on record
Utility / power partnersLandsnet; Landsvirkjun

Latest: Full deployment (planned 2026) · Full build-out complete · 2026-12-31 (plan) · recorded 2026-10-04

Nscale leases 15 MW at Verne's Iceland campus (November 2025) for about 4,600 Blackwell Ultra GPUs deployed through 2026; first phase complete. Geothermal and hydro supply via Landsnet; Landsvirkjun says it has more demand than it can deliver. · source ◐ secondary, confidence medium

Recorded readiness — 1 of 6 applicable milestones have a dated public record

● Land 2025-11○ Permits○ Grid supply· Generation○ Water○ Financing○ Construction

Gate to first power — target 2026-04-23 (estimate) · path: Grid supply · each step must finish its lead time before the target

0 of 0 required steps have a public date. Red = recorded date past the rule-based deadline · grey "no public date" = required step without a record · green = on record in time · context steps never colour.

StepMust finish byOthers did itKnown dateStatusBasis
Site secured (context)2025-01-23 (15 mo before)13 mo before (n=26)2025-11-15context15 MW lease at Verne · ◐
Full build-out complete (context)2027-04-23 (-12 mo before)—2026-12-31 plancontextFull deployment (planned 2026) · ◐

This site is energized; lights only show how its recorded steps compared with the lead times.

Lead-time assumptions
  • Site secured 15 months before first power — Land under control and campus announced. Rarely binding; shown for context.
  • Permits in hand 0 months before first power — Final air and siting permits. Operators often energize on standard or temporary authorisations and receive the major permit later; flagged only when the permit lands more than 6 months after first power or is missing for an on-site plant.
  • Grid supply agreed 9 months before first power — Interconnection or large-load agreement approved. Observed median 7 months before first power; the physical works (substation, lines) run in parallel with construction.
  • Substation and lines energized 2 months before first power — Utility delivery point live; final tests before the load is taken.
  • New generation online 1 months before first power — Utility plant or on-site plant generating; needed just before energization when the grid cannot carry the load alone.
  • Major equipment on site 6 months before first power — Turbines, transformers, switchgear delivered; installation and commissioning take the remaining months.
  • Construction started 24 months before first power — Groundbreaking of the building that gives first power. Observed 4-26 months for recent AI campuses; Meta's redesigned campuses took 35-58.
  • Building ready for IT 0 months before first power — First building ready for IT. 'Complete' or 'opened' is usually reported after first power; flagged only beyond 3 months.
  • Full build-out complete -12 months before first power — All announced buildings operational. Comes after first power by design; context only.
  • Water supply secured 12 months before first power — Water rights, municipal agreement or desalination contract in hand. Context only; one of the feasibility items.
  • Financing closed 12 months before first power — Project financing, anchor lease or committed capital announced. Context only; not applicable when the owner is a hyperscaler building on its balance sheet.

Dated steps (from the sources; later dates are plans)

2025-11-15 Site secured15 MW lease at Verne · ◐
2026-04-23 First powerFirst phase complete (Epoch) · ◐
2026-12-31 plan Full build-out completeFull deployment (planned 2026) · ◐

Build-out timeline (Epoch AI; dated status notes with IT power; rows after today are estimates)

2022-07-08—Site preparation begins for the southernmost KEF301 data center, here labeled as Building 1. [Heilbrigðiseftirlit Suðurnesja](https://hes.is/mengunareftirlit/leyfisveitingar-mengunareftirlit/starfsleyfi-i-auglysingu/page
2023-05-01—Construction of Building 1 begins. [Reykjanesbær planning records](https://www.reykjanesbaer.is/static/files/Fundargerdir/umhverfis_skipulagsrad/2023/315/12.-2023.05.11-bref-til-skipulagsfulltrua-vegna-kef020.pdf) from M
2026-01-23—Nscale's GPU fit-out begins at the datacenter owned by Verne in Keflavik, Iceland. Estimated from [Verne's statement](https://www.linkedin.com/posts/verne-dc_phase-1-complete-in-just-three-months-75mw-activity-7452982122
2026-04-235 MWFirst Nscale AI capacity operational. [Verne reports](https://www.linkedin.com/posts/verne-dc_phase-1-complete-in-just-three-months-75mw-activity-7452982122384027648-bxbA) the first 7.5 MW of Nscale capacity deployed wit
2026-06-305 MW64-rack NVIDIA GB300 NVL72 cluster confirmed in production. [Nscale reports](https://www.nscale.com/blog/nscale-achieves-nvidia-exemplar-cloud-status-on-nvidia-gb300-nvl72) that production benchmarking was performed duri
2026-07-275 MWBuilding 1 is operational (estimate). Full campus visibly externally complete from satellite imagery. Virtually no active construction visible.
2026-12-31 est.10 MWFull 15 MW AI deployment projected operational. [Nscale and Verne announced](https://www.nscale.com/press-releases/nscale-and-verne) a 15 MW deployment across Verne's Iceland campus during 2026. We're modeling the end of

Recorded fact The site is energized.

Calculated requirement Energized; watch the build-out timeline for the next buildings.

Sources (Epoch AI selection): Nscale / Verne 15 MW deployment announcement · Nscale GB300 NVL72 production cluster confirmation · Verne Keflavík campus specifications · Lenovo Nscale Iceland AI infrastructure case study

Epoch AI, 'AI data centers', epoch.ai/data/ai-data-centers (CC BY 4.0); coordinates from GeoNames cities500 (CC BY 4.0) and hand-entered places; overrides in tools/project_overrides.csv with their own sources. Campuses outside the Epoch dataset come from tools/campuses.csv (public reporting, source per row). Data retrieved 2026-10-05. Report a correction to contact@ailoadmap.com (campus id nscale-keflavik; include the row and a source link).