London-based Nscale is discussing a $3.5 billion financing round. The firm is preparing for an initial public offering. Nvidia expects to provide $2 billion of the total funding. Third Point reportedly leads a $1.5 billion investment in convertible notes.
The company reached a $14.6 billion valuation in March 2026. Nscale holds a $45 billion computing contract with Anthropic. Total contracted revenue for the firm stands at $103 billion. New capital will fund the expansion of AI data centers.