Nscale's Over $100 Billion in Contract Commitments Hinge on Data Centers Not Yet Built

Odaily News: AI chip leasing company Nscale, which plans to go public, is relatively small and newly established. Although it has grown rapidly over the past year and has signed contract revenue comparable to that of veteran competitor CoreWeave, nearly all of its approximately $103 billion in contract commitments depend on data centers that have not yet been built, and some projects have not even raised all the construction funds they need. Nscale's previously submitted IPO filing shows that the company is seeking to pursue an IPO at a valuation of approximately $35 billion. (The Information)