Nscale
UK-based AI cloud combining GPU compute, its own data centers and power, selling large reserved clusters to hyperscalers and AI labs plus managed Kubernetes, Slurm, bare metal and serverless inference. Filed for a NYSE IPO (proposed ticker NSCL) in Sep 2026 and acquired Anyscale in Jul 2026.
- H100 list price
- Not published
- B200 list price
- Not published
- ClusterMAX
- No 3.0 tier
- Ownership
- Private source, 9 Nov 2026
Ownership change
18 Sep 2026Filed for NYSE IPO (NSCL). Nscale filed for an initial public offering on the NYSE under the proposed ticker NSCL, after acquiring Anyscale in July 2026. Source
Facts
Source per value- Headquarters Headquarters city and country as stated by the company or its filings.
- London, UK 1
- Ownership Publicly listed, privately held, or a subsidiary of another company.
- private 5
- Ticker Exchange and ticker symbol if listed, e.g. NASDAQ: CRWV. Null if private or not stated on a fetched source.
- Not published
- Parent company Owner or group, when the provider is a subsidiary or has merged (e.g. Voltage Park under Lightning AI, Taiga Cloud under Quake AI / Rumble).
- Not published
- GPUs offered Data-centre accelerators (Blackwell, Hopper, Ada, Ampere and AMD Instinct) listed on the provider's own site, newest first as the provider lists them. The full list, including workstation and older cards, is under "All GPU models".
- GB300 1
- All GPU models Every accelerator model the provider lists on its own site as of the verification date.
- GB300 1
- H100 Lists NVIDIA H100 on its own site.
- No 1
- Blackwell Lists at least one NVIDIA Blackwell data-centre GPU (B100, B200, B300, GB200 or GB300).
- Yes 1
- AMD Instinct Lists at least one AMD Instinct GPU (MI300X, MI325X, MI350X, MI355X or newer).
- No 1
- H100 list price $/GPU-hr Published on-demand list price for one NVIDIA H100 (SXM unless pricing.note says otherwise), taken from the provider's own pricing page. Null if not published, quote-only, host-set (marketplaces) or not in USD.
- Not published
- B200 list price $/GPU-hr Published on-demand list price for one NVIDIA B200. Same rules as the H100 price.
- Not published
- Price checked Date the list prices were read from the provider's pricing page.
- Not published
- Regions Short form of where the provider states it runs capacity. Full detail under "Regions (detail)".
- Norway, UK, Portugal, Iceland, US 1
- Regions (detail) Countries or regions where the provider states it runs capacity.
- Norway (Glomfjord, Narvik, Stavanger, Oslo), UK (Loughton, Hayes), Portugal (Sines), Iceland (Keflavik, Blonduos), US (Texas, North Carolina, West Virginia); mix of Nscale-operated and partner sites 1
- Stated capacity GPU count, MW/GW of power or backlog exactly as the company or its filings state it, with the as-of date. Never estimated.
- Over 50,000 GPUs deployed, six active data centers in five countries, over $103B contracted value (company, Oct 2026); ~200,000 NVIDIA GB300 contracted for Microsoft (Oct 2025); Monarch campus in West Virginia planned at 2 GW by H1 2028 (company, Mar 2026) 8
- Public customers Customers named publicly by the provider or in reputable press.
- Microsoft 1
- Funding / debt (USD) $ Total funding if a source states a total; otherwise the latest sourced equity round or debt facility. See funding_note for what the number covers.
- $3,360,000,000 6
- Funding note What the funding/debt number is, when it was announced and by whom.
- $3.36B pre-IPO convertible notes led by Third Point, incl. $1B NVIDIA commitment, Sep 2026 (company); earlier $2B Series C at $14.6B valuation, Mar 2026; plus $900M revolving credit facility (Jul 2026) and ~$3B site financing (Aug 2026). IPO: Form S-1 filed 18 Sep 2026 for a NYSE listing under proposed ticker NSCL; price range not set and not priced as of 9 Nov 2026 6
- Interconnect Cluster network fabrics the provider lists (InfiniBand, RoCE, Ethernet, NVLink).
- Not published
- Bare metal Offers bare-metal GPU servers (no hypervisor).
- Yes 1
- Kubernetes Offers a managed Kubernetes service on GPU nodes.
- Yes 1
- Slurm Offers managed Slurm (including Slurm-on-Kubernetes) for training clusters.
- Yes 1
- Reserved contracts Sells committed or reserved capacity (monthly to multi-year).
- Yes 1
- Self-serve Customers can sign up and launch GPU instances on demand without a sales contract.
- Not published
- ClusterMAX SemiAnalysis ClusterMAX tier for the provider. 'Participation' is the 3.0 tier for providers that took part without earning a medal. Null if not rated, listed as unavailable, or not confirmed.
- Not published
- ClusterMAX edition Edition of ClusterMAX the rating comes from (3.0 published September 2026).
- Not published
Sources
12- Nscale homepage accessed 2026-11-09
- About Nscale accessed 2026-11-09
- Nscale platform services accessed 2026-11-09
- Nscale docs overview accessed 2026-11-09
- Nscale files for initial public offering accessed 2026-11-09
- Nscale $3.36bn pre-IPO convertible financing accessed 2026-11-09
- Nscale Series C accessed 2026-11-09
- Nscale execution at scale update accessed 2026-11-09
- Nscale and Microsoft GB300 agreement accessed 2026-11-09
- Nscale acquires American Intelligence & Power Corporation accessed 2026-11-09
- Nscale newsroom accessed 2026-11-09
- SemiAnalysis ClusterMAX 3.0 (Sep 2026) accessed 2026-11-09
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