OpenAI · Meta · New York · Amazon · CNBC Technology
AI cloud provider Nscale files to go public
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Nscale, a cloud provider specializing in infrastructure for artificial intelligence models, has filed to go public on the New York Stock Exchange under the ticker symbol "NSCL.
Key facts
- The company had a $1.02 billion net loss on $140.6 million in revenue in the six months ended June 30, 2026, according to its prospectus for an initial public offering
- As of Aug. 31, Nscale held 25,000 active GPUs and 461,000 that were either active or contracted, with five active and 12 contracted data center sites
- In March the company said investors had valued it at $14.6 billion in a funding round
- London-based Nscale had over 1,000 full-time employees as of Aug. 31
Summary
Nscale, a cloud provider specializing in infrastructure for artificial intelligence models, has filed to go public on the New York Stock Exchange under the ticker symbol "NSCL." The company had a $1.02 billion net loss on $140.6 million in revenue in the six months ended June 30, 2026, according to its prospectus for an initial public offering. Nscale pointed to $56.4 billion in remaining performance obligations. Competitors include market-leading cloud providers such as Amazon, as well as younger AI-centric suppliers like CoreWeave and Nebius that are known as neoclouds. OpenAI, Anthropic and other labs have had seemingly endless thirst for more computing capacity since the release of ChatGPT in 2022, as people tap generative AI products for coding, productivity and general chat.