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Nscale debt surges and Nvidia provides $1 billion in additional financing commitment

Axios · ·by G4L

NVDA NVIDIA Corp
$162.85 -2.01%
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  1. 1Nscale's debt surged from $137 million at the end of Q2 to $5.5 billion at the end of Q3.
  2. 2Nvidia committed an additional $1 billion in financing to Nscale on top of its existing $1 billion disclosure.
  3. 3Nscale plans to proceed with an IPO before the end of this year.

So what's the key point?

Nscale's debt surged from $137 million at the end of Q2 to $5.5 billion at the end of Q3.

Source Axios · View original ↗

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