Nscale's IPO Prospectus Shows Q3 Revenue Up 1,344% to $307.5M, Net Loss Widens to $1.69B

Nvidia-backed neocloud Nscale filed an updated IPO prospectus on November 12 showing Q3 revenue of $307.5M, up 1,344% YoY from $25.5M a year earlier and from $140.6M in Q2, but net loss widened to $1.69B from $1.02B. The filing notes Nscale is contracted to supply computing power to Anthropic's West Virginia facility after Anthropic exercised an expansion right in late September. The FT separately reported Nscale needs additional financing to meet its 2027 Nvidia chip obligations for the Anthropic deal.