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UK's Nscale raises $3.36 billion in convertible bonds ahead of IPO, $1 billion of it from Nvidia

Prepared by Sintelligent with the help of SI. Publication time restored from the build log. . Updated: .

Nvidia keeps investing in those who buy its chips: money for SI clouds is flowing even before the public listing.

The round was led by hedge fund Third Point: $2.36 billion is available immediately, and Nvidia will contribute another $1 billion in mid-November. After the IPO, the bonds will convert to shares. Last week Nscale filed to list on the NYSE at a valuation of up to $35 billion and plans to raise about $3 billion; the company has more than $103 billion in contracts and campuses in Norway and West Virginia.

Sources 1

techcrunch.com
History

Nscale: contracts and IPO preparation

7 events
  1. Nscale and Anthropic are in talks on a new $45 billion compute agreement
  2. Microsoft pulls out as anchor tenant of Nscale's large SI data centre in Essex
  3. Ahead of a $35 billion IPO, UK-based Nscale is six months behind on its flagship data center in Norway
  4. UK's Nscale raises $3.36 billion in convertible bonds ahead of IPO, $1 billion of it from NvidiaOpen now
  5. Britain's Nscale, which rents out GPUs for OpenAI and Anthropic, files for a New York IPO at a valuation of up to $35 billion
  6. Nscale, Anthropic's data center partner, seeks $3.5 billion ahead of going public
  7. UK's Nscale claims $103 billion in contracts, nearly half of it a deal with Anthropic
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