Microsoft and Nscale struck an agreement last year under which the UK-based company would deploy around 200,000 NVIDIA AI chips across data centers in the United States and Europe.
Nscale disclosed in its IPO filing that it signed statements of work with Microsoft between September 2025 and April 2026, worth up to approximately USD 43.8 billion through December 2033. This figure excludes optional contract extensions.
Despite Microsoft’s decision not to expand the Texas agreement, Nscale’s total contract value remains unchanged at approximately USD 103 billion, according to the person familiar with the matter.
Nscale is already in discussions with several major customers to utilize the remaining capacity at its Texas data center, the person added.
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