Nscale Files for IPO Amid Growing Interest in AI Infrastructure
London-based AI hyperscaler Nscale has filed for an initial public offering, marking the first major AI listing since heightened safety concerns emerged. The company's S-1 filing highlights its role within a circular AI financing ecosystem and features Nvidia as a key player. Nscale reported a $1.02 billion net loss on $140.6 million in revenue for H1 2026, compared to a $369 million net loss on $10.4 million the previous year. The IPO is expected to raise around $2 billion and follows recent funding rounds at a $13.5 billion valuation from investors including Aker, Sandton Capital Partners, and Paladin Capital. The company was spun out of a cryptocurrency miner two years ago and now reports over $103 billion in total contracted value.
Tickers: $NVDA
Topics: AI circular economy IPO Nscale venture capital