Nscale's contracted value doubles to $103.4B ahead of US IPO
- —Contracted value rose from $38 billion at end-2025 to $103.4 billion
- —Anthropic accounts for $44.6 billion and Microsoft for $43.8 billion, about 85% combined
- —First-half 2026 revenue was $140.6 million, up more than 1,250% year over year
- —Net loss for the period was $1.02 billion; IPO valuation sought at $30–35 billion
Why it matters: Nscale shows how mining infrastructure is being repurposed for AI compute, and its IPO pricing will set a benchmark for the sector.
Source: Crypto Briefing