Key points
Nscale S-1: GPUs, total contract value and data-center capacity, as of August 2026 ｜ Contract value grows from $2.6bn to ~$103bn and GPUs from 25k to ~461k, with Vera Rubin ~362k
Image source: @pequityresearch
2026-09-19
Nscale S-1: Total Contract Value Reaches ~$103bn, GPU Fleet Scales to ~461k