Nvidia

6 million in revenue for the six months ending June 30, 2026. 9 million. 4 billion in remaining performance obligations, indicating a robust demand for its services. In a competitive landscape, Nscale faces challenges from industry giants like Amazon as well as emerging AI-focused companies, including CoreWeave and Nebius. The demand for computing power has surged following the introduction of generative AI products such as ChatGPT in 2022. This has been matched by a similarly fierce demand for resources from labs like OpenAI and Anthropic, both of which are also gearing up for public offerings.

Nscale has secured partnerships with several leading organizations, including OpenAI and Anthropic, who utilize the company’s rental services for Nvidia graphics processing units (GPUs) essential for model training and execution. Microsoft has also entered into an agreement with Nscale. Notably, an unnamed customer was responsible for more than half of the company’s revenue in the first half of 2026, reflecting the strategic dependency on key partnerships. To broaden its offerings, Nscale has ventured into handling inference requests for various models.

The company recently announced its intention to acquire Anyscale, a startup that creates software designed to facilitate the development of AI models, further enhancing its service portfolio. Recent leadership changes have also taken place, with Fidji Simo, a former executive at OpenAI, Instacart, and Meta, joining Nscale’s board. She had previously stepped down from her role at OpenAI as the product and business chief following a medical leave. Other notable board members include former Meta executives Nick Clegg and Sheryl Sandberg. As of August 31, Nscale reported a workforce exceeding 1,000 full-time employees.

The company currently operates with 25,000 active GPUs and has a total of 461,000 GPUs either active or under contract, along with five operational and 12 contracted data center locations. It has projected access to 10 gigawatts of computing power while managing over $8 billion in debt, not factoring in a financing arrangement with AI server manufacturer Dell. Nscale originated in 2024 as a spin-off from cryptocurrency mining firm Arkon Energy, successfully emerging from stealth mode. Its financial backing includes major investors like Blue Owl, Dell, Nvidia, Fidelity, and Point72.

6 billion during a funding round in March.