# Nscale's $44.6B Anthropic Compute Deal Confirmed

> Nscale's SEC filing reveals a $44.6 billion AI computing deal with Anthropic for its West Virginia data center.
- Title: Nscale's $44.6B Anthropic Compute Deal Confirmed | Shortify
- Summary: Nscale's SEC filing reveals a $44.6 billion AI computing deal with Anthropic for its West Virginia data center. Nscale's SEC filing confirms Anthropic will…
- Keywords: nscale, anthropic, west virginia, ai computing, nvidia vera rubin, sec filing, nscale ipo, neocloud, startups, business, Nscale's, Compute
- Source: Startup Fortune — https://startupfortune.com/nscales-sec-filing-confirms-a-446-billion-anthropic-compute-deal
- Published: 2026-10-19T20:49:35+00:00
- Read time: 1 min
- Topics: nscale, anthropic, west virginia, ai computing, nvidia vera rubin, sec filing, nscale ipo, neocloud, startups, business
## Nscale's SEC filing confirms $44.6 billion deal
Nscale filed a $44.6 billion figure in its Form S-1 with the SEC on September 18, confirming Anthropic's agreement to rent 460 megawatts of AI computing capacity from Nscale's Monarch campus in Mason County, West…

> Nscale's own IPO paperwork puts a hard number on a deal that had only existed as reports: Anthropic's agreements with the company carry payments of up to roughly $44.6 billion.
## Deal runs six years with Nvidia Vera Rubin chips
The deal, which starts delivery in late 2027, uses Nvidia's unreleased Vera Rubin systems and is expected to run for six years.

> Nscale plans to deploy Nvidia's next-generation Vera Rubin systems there, with delivery expected to start in late 2:027, according to VKTR.
## Nscale's $35 billion IPO valuation
Nscale's S-1 filing shows a $35 billion valuation built on contracts including Anthropic and Microsoft agreements totaling $88.4 billion.

> Nscale's S-1 pitches a $35 billion valuation built substantially on contracts like this one.
## High concentration of contracts
Nscale's total contracted backlog is $103 billion, with Anthropic and Microsoft agreements accounting for 85 percent of that.

> The company's total contracted backlog across all customers comes to roughly $103 billion, with the Anthropic and Microsoft agreements alone accounting for about $88.4 billion of that, or roughly 85 percent.
## Nscale's financial performance
Nscale reported a $1.02 billion net loss on $140.6 million in revenue for the six months ended June 30, with revenue up 1,252% year over year.

> The company reported a $1.02 billion net loss on $140.6 million in revenue for the six months ended June 30, even as that revenue jumped 1,252% year over year from $10.4 million the prior year.
## Microsoft walked away from West Virginia site
Microsoft previously held a letter of intent for the same Monarch campus but walked away in the summer of 2026, leaving Anthropic to move in.

> Microsoft previously held a letter of intent for the same Monarch campus, with plans for as much as 1.35 gigawatts of capacity there, before walking away from that arrangement in the summer of 2026.
## Underwriters testing valuation
Goldman Sachs, J.P. Morgan, and Morgan Stanley are running the book as lead underwriters to test whether Nscale's $35 billion valuation is justified.

> Goldman Sachs, J.P. Morgan and Morgan Stanley are running the book as lead underwriters, with RBC, BofA, Deutsche Bank and several others as bookrunners.
## Key takeaway

Nscale's SEC filing confirms Anthropic will pay up to $44.6 billion for six years of AI computing capacity from its West Virginia data center.