British AI cloud provider Nscale, spun out of Arkon Energy two years ago, disclosed over $103 billion in contracts ahead of its NYSE listing, but roughly 85% of that value comes from just two customers: Microsoft and Anthropic. The Anthropic deal remains conditional on Nscale securing financing and hitting milestones the company itself calls stringent, with Anthropic free to cancel if targets are missed. Nscale is targeting a $35 billion valuation and hopes to raise $3 billion, despite posting a $1.02 billion net loss on $140.6 million in revenue for the first half of the year.
Anthropic and OpenAI are pursuing agreements for existing, smaller data center facilities with roughly 20-30 MW of capacity in the UK, Nordic countries and the US, according to a CNBC report citing sources familiar with the talks. This comes even as both companies have already committed tens of billions of dollars toward massive gigawatt-scale AI infrastructure projects, including Anthropic's $45 billion Nscale deal and OpenAI's expanding Stargate commitments.
Nscale, a London-based cloud provider focused on AI infrastructure, has filed for an initial public offering on the New York Stock Exchange under the symbol NSCL. Its prospectus shows revenue jumped over 1,250% to $140.6 million in the first half of 2026, though the company posted a $1.02 billion net loss for the period and reports $56.4 billion in remaining performance obligations. Nscale rents out Nvidia GPUs to clients including OpenAI, Anthropic and Microsoft, and one undisclosed customer made up more than half of its first-half revenue.
Nscale, a UK-based AI data center company, has named Fidji Simo, who recently departed OpenAI's No. 2 role, to its board of directors. She joins other prominent tech figures including Sheryl Sandberg, Susan Decker and Nick Clegg as the company prepares for a possible public listing this fall.
Fidji Simo, a former OpenAI executive, has taken a seat on the board of Nscale, a startup that builds data centers for AI workloads and has raised billions in funding. The move comes as Nscale reportedly prepares for an eventual public listing.
British AI infrastructure startup Nscale, founded two years ago, is reportedly pursuing $3.5 billion in financing ahead of a possible IPO as soon as this month. That total reportedly includes $1.5 billion in convertible notes sold to investors and an additional $2 billion from Nvidia, which also backed Nscale's $1.1 billion Series B round in March.
Aker's stock surged after the company disclosed that its affiliate Nscale secured a $45 billion contract to supply AI compute capacity from its Monarch data center site in West Virginia. The deal marks a major win for Nscale's push into large-scale AI infrastructure.
Anthropic has agreed to a six-year, roughly $45 billion deal with British infrastructure firm Nscale to secure AI compute capacity, according to a source familiar with the matter. The capacity will run on Nvidia's new Vera Rubin chip system and come from Nscale's data center in West Virginia, with power expected online in late 2027.
Anthropic has agreed to a roughly $45 billion cloud computing arrangement with Nscale, a UK-based AI infrastructure firm, to lease about 460 megawatts of capacity at a planned West Virginia data center. The facility, expected to go live by late 2027, will run on Nvidia's upcoming Vera Rubin chips and adds to a string of recent infrastructure agreements Anthropic has struck with AMD, SpaceX, Google and Broadcom.
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