AI cloud company Nscale has reported a major rise in revenue during the first half of 2026. Its revenue reached $140.6 million, marking a 1,252 percent increase compared with the same period last year.

The company is preparing for a possible stock market listing in the United States as demand for computing infrastructure continues to grow. Nscale provides computing capacity, data centre infrastructure and software used for developing and running AI systems. Despite the strong revenue growth, the company reported a net loss of $1.02 billion for the period.