Askeladd withdraws temporarily from the war against England. While searching for a new source of income, he encounters a skirmish among the Franks and hatches a plot to steal their treasure. Askeladd sends 16 years old Thorfinn, who has grown up into a cold-hearted Viking, ahead as a messenger.

Thorkell takes Canute hostage and follows after the main army of Denmark. Ragnar objects to Thorkell’s plan to take on the entire army of Denmark, boasting 16,000 soldiers, with only 500 men. Thorkell then begins to tell Ragnar the story of Valhalla, the pride of Normans, a place where only those who die in battle can go.

Askeladd and his men change course and decide to return to Gainsborough, by crossing through the Earldom of Mercia in the midst of a harsh snowstorm, where the main army of Denmark awaits. The men spot a small village in the blizzard and make their move.

Askeladd's men continued their march to escape Thorkell. However, Torgrim and his friends were hatching a plot to switch sides and join Thorkell, taking Canute with them. Torgrim finally launches his rebellion and corners Askeladd, negotiating with him to hand over Canute, then Thorkell arrives in the midst of the confusion.

Thorfinn suffers a serious injury in his fight against Thorkell. Thorfinn is told to think about what he has to do to beat Thorkell. Askeladd treats Thorfinn’s wounds so that he may fight again someday, and proposes a joint strategy to help the two of them survive longer.

After the assassination attempt on Canute’s life, rumors spread through York saying that the king is trying to kill Canute. As a result, the king is unable to issue any orders that would put Canute in harm, and Askeladd is pleased that everything is proceeding as planned. However, the tables turn when King Sweyn speaks. Meanwhile, Thorfinn is sent to prison as punishment for disturbing the peace.