StartupsFortuneabout 2 hours ago
Nscale IPO Omits ByteDance as Top Customer
9 min read
Nscale's $35 billion IPO filing never names ByteDance, yet the TikTok parent supplied 73% of its 2025 revenue and 52% in this year's first half, per the FT. ByteDance used Nscale's Norway cloud to reach Nvidia chips barred in China, a legal loophole. Nscale has since signed Microsoft and Anthropic deals.
Level
Hype check
Tap to vote and see what everyone thinks.
