Nscale’s $35 Billion IPO Is Largely Silent About Its Biggest Customer, China’s ByteDance, Which Wants Access to Nvidia’s Chips
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6 Articles
TikTok owner ByteDance has been granted access to 2,304 of Nvidia’s highly advanced B200 chips through a data center in Glomfjord, Nordland, allowing the Chinese tech giant to use hardware it could not purchase directly in China due to US export restrictions. 2,304 Nvidia B200 chips via Glomfjord The deal was signed in May 2025 through Spring (SG) Pte Ltd., a Singapore-based subsidiary of ByteDance. Spring leased access to 2,304 Nvidia B200 chip…
China's ByteDance gained access to over 2,000 Nvidia B200 chips through Norway data center — Singaporean subsidiary Spring contributed 73% of NScale's 2025 revenue
UK-based Nscale signed a deal with Spring (SG) Pte Ltd, which is a subsidiary of Chinese tech giant ByteDance. The company did not make any direct mention of the TikTok parent in its filings for a U.S. IPO, while a supporting document only labeled Spring as a significant customer.
Nscale submitted to the United States a registration statement for an initial public bid that the company could value at $35 billion, but its records show a strong dependence on ByteDance and Nvidia chip access.
Nscale’s $35 billion IPO is largely silent about its biggest customer, China’s ByteDance, which wants access to Nvidia’s chips
Good morning. On Fortune’s radar today: Nscale’s $35 billion IPO is heavily dependent on ByteDance. See Fortune’s 2026 Change the World list here. The U.S. semiconductor export bans did little to slow down China’s chip trade. Markets: A rare double-zero day. AI is creating some jobs—at very small…
Nvidia-supported AI cloud provider Nscale does not mention its most important customer byteDance in the main prospectus for the planned US exchange. The article Nvidia-supported Nscale conceals major customers bytedance in the prospectus first appeared on The Decoder.
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