Nscale’s $103 billion contract backlog reportedly depends almost entirely on unbuilt data centers and Nvidia chips it hasn’t secured

The Information reports that Nscale’s $103 billion contract backlog depends almost entirely on data centers it hasn’t built and Nvidia chips it hasn’t secured. The company may need billions more in financing to deliver on the deals. Nscale has filed paperwork indicating plans to go public, and the outlet says its unbuilt data centers undercut its $35 billion IPO pitch.