AI Compute Firm Nscale's Contracted Revenue Rises to ~$103B, IPO Possible as Early as This Month
Bubble signal: +1 · Overheating evidenceRelevance 70FundingUS
Source: 36Kr · Published 2026-09-03
Summary
It is reported that Nscale, a UK-based AI 'new cloud' service provider, has disclosed to potential investors that its contracted revenue has risen to approximately $103 billion, including a $45 billion compute deal with Anthropic. Backed by Nvidia, the company could launch its IPO as early as this month.
Bubble analysis
Nscale's contracted revenue of $103 billion far exceeds its actual revenue and relies on massive contracts with companies like Anthropic, which may reflect overinvestment and valuation bubbles in the AI compute sector.
#ipo#anthropic#nscale#ai-compute
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