Nscale tells investors it has about $103 billion in contracted revenue, according to a report by The Information cited by multiple outlets. The company’s claims come as it prepares for a potential initial public offering (IPO), though no deal is confirmed in the reports.

The Information frames Nscale’s contracted-revenue figure as a key part of its fundraising and market-readiness narrative ahead of an IPO. Investing.com and Channel NewsAsia both reference the same report but do not add further verified details in their provided summaries. The outlets’ coverage focuses on the size of the revenue figure and the timing relative to the possible IPO, rather than on financial statements, customer contracts, or regulatory filings.