Nscale Warns It Needs More Cash Before IPO

London-based data center builder Nscale filed an amended prospectus on Thursday stating it must secure additional financing to meet 2027 obligations. Total debt reached $5.5 billion by September, while biggest client Anthropic holds a $44.6 billion contract for a West Virginia site. Nscale plans to list on the New York Stock Exchange under ticker NSCL.