Nscale Files for NYSE IPO After $1.02 Billion Half-Year Loss
Updated
Updated · CNBC · Sep 18
Nscale Files for NYSE IPO After $1.02 Billion Half-Year Loss
2 articles · Updated · CNBC · Sep 18
Summary
Nscale disclosed a $1.02 billion net loss on $140.6 million in revenue for the six months ended June 30 as it filed to list on the NYSE under ticker NSCL.
Revenue jumped 1,252% from $10.4 million a year earlier, but the loss widened sharply from $368.9 million, underscoring the capital intensity of supplying AI computing infrastructure.
OpenAI, Anthropic and Microsoft are among customers of the London-based company, which rents Nvidia GPUs and has expanded into inference services while pursuing a July deal to acquire Anyscale.
More than 1,000 employees and 12 data center sites across the U.S. and Europe position Nscale against hyperscalers like Amazon and AI-focused neocloud rivals such as CoreWeave and Nebius.