Nscale touts $103 billion contracted revenue ahead of potential IPO, The Information reports

Nscale is presenting prospective investors with a $103 billion total contracted revenue figure ahead of its potential initial public offering, according to The Information. The company's contracts average 5.7 years in duration, translating to approximately $18 billion in annualized contracted revenue, as per the documents reviewed by The Information.

A source familiar with the discussions stated that the Nscale figures are illustrative and not formal revenue guidance. Nscale, backed by Nvidia, will utilize the tech giant's new Vera Rubin chips to meet Anthropic's computing needs under the $45 billion deal. The company's UK-based operations did not immediately provide a response to a Reuters inquiry for comment.