Nscale's Contracts with Microsoft and Anthropic Dwarf Its Total Value

Nscale, a British data center developer, has revealed that Microsoft and Anthropic account for 85% of its $103 billion in total contract value. The company signed multiple deals with Microsoft since late 2025 worth approximately $43.8 billion through 2033.

In August, Nscale signed a $44.6 billion agreement with Anthropic to provide computing power through 2033. However, the company has not yet secured financing for this deal and must build server racks and equipment at an eight gigawatt facility in West Virginia.

The contract includes provisions allowing termination if Nscale fails to meet milestones and requirements for consistent computing power. The company expects to bring the first two gigawatts online in 2028.