Nebius, CoreWeave, IREN, Nscale lead $69B neocloud funding

Between January and October, 30 neoclouds raised about $69 billion, with a large portion of the funding structured as debt. Nebius, CoreWeave, IREN, and Nscale led the fundraising rankings, capturing the majority of the capital. Meanwhile, Gartner expects over 80% of neocloud providers to stop operating independently by 2030. Open article →