Nscale, a UK-based AI cloud infrastructure provider backed by Nvidia, has disclosed approximately $103 billion in total contracted revenue, roughly doubling its previous $51 billion backlog. This surge is driven by a $45 billion deal with Anthropic, covering 460 megawatts of capacity at a West Virginia data center expected online by end of 2027, secured by roughly 194,000 Nvidia Vera Rubin GPUs. The company is targeting a September 2026 IPO in New York, with Goldman Sachs and JPMorgan advising, potentially raising an additional $3 billion. Q2 2026 revenue estimates exceed $100 million, up from approximately $37 million in Q1 2026. It should be noted that the $103 billion represents total contracted revenue over the life of these agreements, not annual revenue.
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