Nscale waxay ku bilowday heshiisyo dhan $103 bilyan, laakiin 85% waa ka yimid Microsoft
Shirkadda neocloud-ka ee Ingiriiska ah ee Nscale waxay ku bilowday suuqa NYSE heshiisyo dhan $103 bilyan, laakiin 85% ka mid ah waa ka yimid shirkadda Microsoft. Shirkaddu waxay u baahan tahay lacag dhan $3 bilyan si ay u gaarto qiimaha $35 bilyan.
Heshiisyada waaweyn ee Microsoft iyo Anthropic
Nscale waxay haysataa heshiis dhan $43.8 bilyan oo ay ku abuurto Microsoft ilaa 2033, taas oo ah 85% ka mid ah heshiisyadeeda guud. Heshiiska Anthropic wuxuu ku xiran yahay in Nscale hesho maalgashi, haddii ay uusan gaarin tallaabooyinka loo yaqaanno 'stringent' ayaa laga reebayaa heshiiska.
Heshiiska Anthropic wuxuu ku xiran yahay in Nscale hesho maalgashi, haddii ay uusan gaarin tallaabooyinka loo yaqaanno 'stringent' ayaa laga reebayaa heshiiska. Shirkaddu waxay haysataa heshiis kale oo dhan $44.6 bilyan oo ay ku abuurto Anthropic, laakiin heshiiskaas wuxuu ku xiran yahay in Nscale hesho maalgashi.
Dhaqaalaha iyo maalgashiga
Nscale waxay sheegtay in dhaqaalaha ay gaartay $140.6 milyan bishii June, halkaas oo ka badan $10.4 milyan ee sanadkii hore. Laakiin khasaaraha ayaa kor u kacay ilaa $1.02 bilyan, halkaas oo ka badan $369 milyan ee sanadkii hore.
Shirkaddu waxay u baahan tahay $3 bilyan si ay u gaarto qiimaha $35 bilyan. Nvidia waxay ogolaatay inay bixiso $1 bilyan oo ka mid ah maalgashiga $3.1 bilyan ee guud, halkaas oo ka mid ah Series C-ka $2 bilyan ee Aker ASA iyo 8090 Industries.
Xisaabta iyo xisaabta
Nscale waxay leedahay xisaabta $103 bilyan, laakiin 85% ka mid ah waa ka yimid Microsoft. Heshiiska Anthropic wuxuu ku xiran yahay in Nscale hesho maalgashi, haddii ay uusan gaarin tallaabooyinka loo yaqaanno 'stringent' ayaa laga reebayaa heshiiska.
Shirkaddu waxay haysataa heshiis kale oo dhan $44.6 bilyan oo ay ku abuurto Anthropic, laakiin heshiiskaas wuxuu ku xiran yahay in Nscale hesho maalgashi. Nvidia waxay ogolaatay inay bixiso $1 bilyan oo ka mid ah maalgashiga $3.1 bilyan ee guud.
British neocloud firm Nscale is set to list on the New York Stock Exchange, but its IPO will face scrutiny over heavy reliance on two customers for the bulk of its $103 billion in contracts.
A $35 Billion Valuation Built on Two Clients
Nscale expects to be valued at $35 billion when it goes public, seeking to raise $3 billion in the offering. The company was spun out of Australian cryptocurrency mining firm Arkon Energy two years ago and has since grown rapidly.
About 85% of its contracts come from a deal to supply Microsoft with $43.8 billion worth of compute through 2033, while another agreement worth $44.6 billion is in place with Anthropic. Anthropic's deal is contingent on Nscale securing financing and meeting milestones described as 'stringent.'
Revenue Soars as Losses Mount
Nscale reported revenue of $140.6 million for the six months ended June 30, up from $10.4 million a year earlier. However, net losses jumped to $1.02 billion from $369 million in the same period, reflecting the heavy investment required to build its data center capacity.
Earlier this month, Nvidia agreed to provide $1 billion in convertible debt as part of a larger $3.1 billion financing deal. The company was previously valued at $14.6 billion when it raised a $2 billion Series C led by Aker ASA and 8090 Industries.
Industry-Wide Customer Concentration Raises Questions
Nscale's customer concentration mirrors a broader trend in AI infrastructure. A recent paper by Sona Asset Management, featured in the Financial Times, found that many providers heavily depend on a limited number of customers, with CoreWeave generating 67% of its revenue from Microsoft.
Nscale operates data centers in Norway, Portugal, Texas, and West Virginia, with a board that includes former Meta executives Sheryl Sandberg and Nick Clegg, as well as former OpenAI executive Fidji Simo. Its competitors include Nebius, Lambda, and Crusoe, the latter of which recently raised $3.9 billion at a $30.9 billion valuation.
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Sawir: TechCrunch Xigasho
