Nscale, the "British Oracle" backed by Nvidia, sprints toward a US IPO with a target valuation of $35 billion

Odaily: Nscale, a UK-based AI cloud service provider backed by Nvidia, has submitted an S-1 registration statement to the US SEC, aiming to list on the NYSE with a target valuation of up to $35 billion. Nscale was spun off from a cryptocurrency mining company in 2024. Nvidia is its GPU supplier, customer, and investor. Nvidia has invested more than $2 billion in the company and signed a $1.2 billion capacity leasing agreement.