Nscale updates IPO prospectus showing third-quarter net loss of $1.69 billion
Summary
- Nscale, an Nvidia-backed cloud computing provider, released updated paperwork ahead of a planned initial public offering on the New York Stock Exchange.
- Its updated prospectus showed a third-quarter net loss of $1.69 billion on $307.5 million in revenue, wider than its $1.02 billion second-quarter loss.
- London-based Nscale filed to go public in September and has not said how much it intends to raise in the offering.
- Microsoft walked away from an Nscale data center it had planned to use in England, citing the company's access to electricity.
- Nscale said in its IPO filing that it expects Microsoft to be a significant customer in future periods, and it has growing business with Anthropic.
Reactions
- Microsoft's chief executive for the U.K. and Ireland, Darren Hardman, said in October that the decision on the English data center had to do with Nscale's ability to get access to electricity.
Timeline newest first
Nscale released updated IPO paperwork on the Thursday before November 12, 2026, showing a third-quarter net loss of $1.69 billion on $307.5 million in revenue.
Sources newest first
- Nscale updates IPO prospectus that shows widening loss
Nvidia-backed neocloud Nscale released updated IPO paperwork showing a third-quarter net loss of $1.69 billion on $307.5 million in revenue, wider than its $1.02 billion second-quarter loss, without saying how much it aims to raise on the New York Stock Exchange. CNBC also reports Microsoft walked away from an English data center, and neocloud stocks swung after Jensen Huang resigned as Nvidia's CEO.
