AI Cloud Provider Nscale Files for NYSE IPO
· Business · CNBC, Bloomberg
Nscale, a London-based cloud provider specializing in infrastructure for artificial intelligence, has filed for an initial public offering on the New York Stock Exchange under the ticker NSCL. The company reported $140.6 million in revenue for the first half of 2026, representing a 1,252% increase compared to the same period in 2025. Despite this growth, the firm recorded a net loss of $1.02 billion during the first six months of 2026. Nscale, which spun out of the cryptocurrency mining firm Arkon Energy in 2024, operates 12 data centers across the US and Europe.
Why it matters
Nscale's public listing reflects the intense demand for computing capacity from major AI labs like OpenAI and Anthropic.
Read the original report — CNBC
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