Compute · Compute Contract · Signed
Microsoft and Nscale GPU statements of work
Between September 2025 and April 2026, Microsoft signed statements of work with Nscale for GPU infrastructure, colocation space and cloud services. Payments are up to about $43.8 billion through December 2033, not counting optional extensions.
- Payments under the statements of work
- up to about $43.8B
- Signed · S-1 · through Dec 31, 2033
Amounts
Each number with its type, status and the sentence it comes from
| Amount | Value | Status | Source |
|---|---|---|---|
Payments under the statements of workContract value · Microsoft → Nscale · through Dec 31, 2033Condition: Subject to delivery and availability of service requirements; excludes optional extensions“Between September 2025 and April 2026, we entered into statements of work with Microsoft that provide for payments to us of up to approximately $43.8 billion through December 2033, not including the optional extensions, which are subject to the satisfaction of delivery and availability of service requirements.” | up to about $43.8B | Signed | S-1 ↗ |
Participants
Roles as the source names them
| Organization | Role | Type | Note |
|---|---|---|---|
| Nscale | Provider | Neocloud | — |
| Microsoft | Buyer | Hyperscaler | — |
Key terms
- Services
- GPU infrastructure, colocation space and cloud services for Microsoft. S-1 ↗
“Pursuant to these statements of work, we will provide Microsoft with GPU infrastructure, colocation space, and cloud services.”
- Term
- GPU service terms of five to six years from acceptance of each tranche, with an optional six-month extension at Microsoft's election. S-1 ↗
“Each statement of work ends on the last remaining end date of the GPU services provided thereunder, with GPU services terms from five to six years from acceptance of each tranche and an optional six-month extension at Microsoft's election.”
- Stargate Norway
- After OpenAI withdrew from Stargate Norway and Stargate UK in April 2026, Microsoft expanded its agreement to take the extra capacity at Stargate Norway. S-1 ↗
“In April 2026, OpenAI withdrew from the Stargate Norway and Stargate UK partnerships, with Microsoft subsequently expanding its agreement with us to take the extra compute capacity at Stargate Norway.”
Context
Nscale files for a US initial public offering
Sep 18, 2026 · Disclosed in the Nscale registration statement.
Company metric in the same source: Revenue, six months ended June 30, 2026 $140.6M
Filed, as of Jun 30, 2026 · “For the six months ended June 30, 2026 and 2025, we generated revenues of $140.6 million and $10.4 million, respectively, representing an increase of 1,252%.”
Company metric in the same source: Revenue, year ended December 31, 2025 $33M
Filed, as of Dec 31, 2025 · “Revenue for the year ended December 31, 2025 increased 73%, from $19.1 million in 2024 to $33.0 million in 2025.”
Company metric in the same source: Revenue, year ended December 31, 2024 $19.1M
Filed, as of Dec 31, 2024 · “Revenue for the year ended December 31, 2025 increased 73%, from $19.1 million in 2024 to $33.0 million in 2025.”
Sources
- SEC EDGAR (Nscale Limited), “Nscale Limited registration statement on Form S-1, September 18, 2026”, Sep 18, 2026 · Form S-1, accession 0001193125-26-395475 · retrieved Oct 21, 2026
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