Nscale Touts $103 Billion Contracts Ahead of IPO

Quartz reports that Nscale, a U.K.-based cloud infrastructure company founded last year, is pitching investors on over $100 billion in contracts as it prepares for a September IPO. The company's contracts average 5.7 years in duration, implying about $18 billion in annualized revenue. Its biggest deal alone forms part of the total. The public posts present these figures as claims from the startup itself rather than independently verified totals.