Friday, 13 November, 2026
Hyper-Growth Meets Heavy Losses: Nscale Projects 14-Fold Revenue Surge Ahead of IPO
By TechShots Studio
Nvidia-backed British AI cloud provider Nscale projected a 1,344% revenue jump to $307.5 million for the first nine months of 2026 in an amended IPO filing, up from $21.3 million a year earlier. Despite booming demand, net losses widened sharply to $1.7 billion. Led by Goldman Sachs, J.P. Morgan, and Morgan Stanley, Nscale plans to list on the NYSE under the ticker "NSCL".
Read full story at REUTERS