Cloud provider Nscale has amended its initial public offering filing to report a projected fourteenfold increase in revenue for the first nine months of the year. The Nvidia-backed British company also revealed a wider net loss during the same period.
Nscale expects preliminary revenue to surge 1,344% to $307.5 million in the first nine months of the year, per an amended IPO filing on Thursday. The United Kingdom-based cloud provider is backed by chip giant NVIDIA CORP. The revenue jump highlights rapid AI infrastructure demand even as losses widen.
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