Nscale updates IPO prospectus that shows widening loss

Neocloud provider Nscale released an updated IPO prospectus showing a third-quarter net loss of $1.69 billion on $307.5 million in revenue. The filing arrives amid public setbacks, including Microsoft pulling out of a planned English data center due to electricity access concerns and deciding against renewing a contract in Texas. Meanwhile, the company continues to grow its business with Anthropic, which recently exercised its right to contract for additional computing power. Open article →