AI cloud provider Nscale files to go public

Nscale, a Londonbased cloud provider focused on infrastructure for artificial intelligence, has filed for an initial public offering on the New York Stock Exchange under the ticker NSCL. According to its prospectus, the company reported a net loss of $1.02 billion on $140.6 million in revenue for the first six months of 2026. That compares with a net loss of $368.9 million and revenue of $10.4 million a year earlier. Nscale said it had $56.4 billion in remaining performance obligations and was serving customers including AI labs and major technology companies. The company said it had more than 1,000 employees, held 25,000 active GPUs as of Aug. 31, and had ties to investors such as Nvidia, Dell, Blue Owl, Fidelity and Point72. It also disclosed more than $8 billion in debt, excluding a financing arrangement with Dell.