Nscale Acquires Anyscale in $1.65 Billion Deal

Nscale, a cloud service provider, plans to acquire computing software company Anyscale for $1.65 billion, according to Foresight News citing Bloomberg and sources familiar with the matter.

Anyscale's employees will join Nscale as part of the deal, which includes around 200 workers. The software company completed a funding round in 2022, reaching a valuation of over $1 billion.

Nscale was founded in early 2024 and started out as a cryptocurrency mining company. It provides AI-dedicated computing capacity leasing services and is developing large-scale data centers in Norway and West Virginia.