Key facts
- Nscale is reportedly telling investors it has $103 billion in total contracted revenue.
- The company is considering an initial public offering as soon as this month.
- The contracted revenue has an average duration of 5.7 years, equating to roughly $18 billion annually.
- A significant portion of this revenue stems from a $45 billion deal with Anthropic for AI cloud computing power.
- Nscale will utilize Nvidia's Vera Rubin chips for Anthropic's computing requirements.
Nscale, a cloud infrastructure provider backed by Nvidia, is reportedly informing prospective investors that it has approximately $103 billion in total contracted revenue. This figure is being shared ahead of a potential initial public offering that could occur as soon as this month, according to The Information. The contracted revenue has an average duration of 5.7 years, which implies about $18 billion in annualized contracted revenue. A substantial part of this total comes from a $45 billion deal with AI company Anthropic for cloud computing power at Nscale's West Virginia data center campus. As part of this agreement, Nscale will deploy Nvidia's new Vera Rubin chips to meet Anthropic's computing needs. However, a source familiar with the discussions cautioned that the figures presented by Nscale are illustrative and not formal revenue guidance.