Nscale는 2.5개월 만에 데이터센터 2곳과 GPU 25,000개를 가동했습니다. 또한 최신 투자설명서에는 Anthropic과의 계약에 관한 보다 자세한 내용이 담겼습니다.

Nscale has brought two additional data centers and roughly 25,000 GPUs online since August 31, 2026.

In a newly published IPO prospectus, Nscale stated that it now has 50,000 active GPUs out of a planned 461,000. The earlier prospectus, dated August 31, 2026, listed just 25,000 active GPUs, around five percent of the company's goal.

Nscale now has seven active data center sites, up from five, with 55MW, and ten more in the pipeline. The latest prospectus does not provide the total capacity across the seven sites.

In total, Nscale says it has 1.37GW of active and contracted capacity: 1GW at its owned sites, 200MW at leased sites, and 165MW at colocation data centers. The company also has a "line of sight" to 10GW of potential power capacity across its footprint.

Nscale has also changed how it reports revenue. The previous prospectus showed revenue of $140.6 million for the six months ending June 30, 2026, which the company said was up 1,252 percent year-on-year (YoY). Losses over the same period ballooned to $1.02bn, compared with $368.9m in the same period of 2025.

The new prospectus focuses on the full year 2025, ending December 31, with revenue of $33 million, up 73 percent YoY from $19.1m in 2024.

"As of the date of this prospectus, we had approximately $6.4 billion of active and $105.8 billion of active and contracted TCV (total contract value) under long-term take-or-pay contracts with customers, compared to $0.5 billion of active and $38.0 billion of active and contracted TCV as of December 31, 2025. These contracts support the deployment of approximately 461,000 GPUs that were active or contracted as of that date."

The company has also provided more detail on its agreements with Anthropic. In August, Nscale and Anthropic signed a $45bn compute agreement for Nscale's upcoming Monarch Compute Campus in West Virginia.

The new prospectus confirms reports of discussions about a second data center building at the site: "On September 29, 2026, Anthropic exercised their right to contract for additional compute at Building 2 on our Monarch campus. We and Anthropic have 60 days (subject to mutual extension) to negotiate an agreement in good faith ... In addition, Anthropic may exercise its right with respect to Building 3 of the Monarch campus within 15 business days after the date on which the Building 2 Agreement is signed by both parties. If Anthropic exercises such right, the parties will use good faith efforts to discuss and finalize the written agreement for Building 3 within 60 days of the date of Anthropic's notice."

Nscale said it expects to fund the deployment for Anthropic through "external financing and cash flow from operations."

"In connection with the Anthropic Services Agreements, we have tested market depth based on discussions with market participants for the requisite financings, and have a track record of securing data center and GPU financings. Based on these efforts and our track record, we believe we will be able to obtain the qualifying financing within the required period," Nscale said, although it has not yet secured any financing agreements.

If the company fails to provide GPU infrastructure to Anthropic within the agreed timelines, including due to supply chain delays, "Anthropic may be entitled to terminate that tranche without liability."

Through the IPO, the company is reportedly hoping to raise billions of dollars to fund its AI data center build-out, targeting a valuation of about $30bn. No official date for the offering has been announced.