ByteDance Was Nscale's Biggest Customer Before Its IPO
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ByteDance was Nscale's biggest customer before its IPO
“A substantial portion of our revenue is driven by a limited number of our customers, and the loss of, or a significant reduction in, spend from one or a few of our top customers would adversely affect our business,” Nscale wrote in the prospectus for its New York listing. The prospectus, filed with the US […] This story continues at The Next Web
Nvidia-backed Nscale keeps its biggest customer, Bytedance, out of its IPO filing
Nscale, the Nvidia-backed AI cloud provider, leaves its most important customer, Bytedance, out of the main prospectus for its planned US IPO. The article Nvidia-backed Nscale keeps its biggest customer, Bytedance, out of its IPO filing appeared first on The Decoder.
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.
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