Nscale, a British AI infrastructure provider, filed for an initial public offering on the New York Stock Exchange under the ticker NSCL. NVIDIA provides financial backing for the firm. The company rents NVIDIA GPUs to major AI developers including OpenAI and Anthropic.
Nscale reported $140.6 million in revenue for the first six months of the year. This figure represents a 1,252% increase over the prior period. Net losses widened to $1.02 billion during the same six-month window.
Nscale maintains a strategic partnership with Microsoft. The company competes against major cloud and neocloud providers for AI computing market share. The filing underscores the massive capital investment required to meet global demand for NVIDIA-powered infrastructure.