How does Nscale fit into the AI industry?
Builds and operates AI computing infrastructure.
What is its role?
cloud. This profile covers selected relationships, not every business activity.
Last verified: 2026-09-26T00:30:09.697Z.
How large is the company?
No comparable valuation verified in this collection. Missing is not zero.
Who is it connected to?
- NVIDIA → Nscale · Investment
Nscale announced $3.36B in convertible financing: $2.36B at initial closing and $1B committed by NVIDIA, expected in mid-November. Notes convert on IPO completion. NVIDIA tranche committed for expected mid-November funding; not yet received.
Nscale · convertible financing ↗ - Nscale → Microsoft · Supply
Nscale announced on October 15, 2025 an expanded contract to deliver approximately 200,000 NVIDIA GB300 GPUs of AI infrastructure to Microsoft across Europe and the U.S. No contract value was disclosed in the announcement. Includes about 12,600 GPUs in Sines, Portugal from Q1 2026 and builds on the planned ~23,000-GPU Loughton, UK campus from Q1 2027. Nscale's Form S-1 (filed September 18, 2026) says statements of work with Microsoft signed between September 2025 and April 2026 provide for payments of up to approximately $43.8B through December 2033, excluding optional extensions and subject to delivery and service-availability requirements; this is a ceiling across all Microsoft statements of work, not the value of this announcement or cash received, so value_usd stays empty. On October 18, 2026, The Telegraph and Reuters reported that Microsoft terminated the Loughton agreement after grid officials said power was unlikely before the 2030s. On October 19, 2026, an Nscale spokesperson confirmed to Data Center Knowledge that Microsoft terminated the Loughton contract; Nscale said it remains committed to the site, is exploring alternative power, and that the issue does not affect its other Microsoft contracts. No financial impact was disclosed. On November 5, 2026, the Financial Times and then Reuters, citing an unnamed source, reported that Microsoft will not exercise an option to more than double its existing Texas agreement with Nscale; the source said the decision predated the September IPO filing, the existing Texas contract is unaffected and Nscale's disclosed total contract value (about $103B) is unchanged. Neither company commented; this is reported, not confirmed.
Nscale · approximately 200,000 NVIDIA GB300 GPUs contracted with Microsoft ↗
Values use different dates and bases. Parent and subsidiary values must not be added as independent exposures.