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Nscale's S-1 filing for a US IPO revealed that Spring, a Singaporean ByteDance subsidiary, paid $24 million in 2025 to access 2,304 Nvidia B200 chips at Nscale's Glomfjord, Norway data center. The Financial Times reports the arrangement was legal and exploited loopholes in US export controls, exposing Nscale to regulatory and reputational risk.
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