News Summary

• UK AI cloud company Nscale is seeking a valuation of up to $35bn.
• Nscale’s prospectus reports revenue of $33.0m for 2025 and $140.6m for the first half of 2026.
• It also reports a net loss of $1.02bn for those six months.
• From one customer to Microsoft and Anthropic.
• NScale has since signed far larger contracts.
• Its deal with Anthropic is worth up to about $44.6bn, according to the prospectus.