ChainThink reports that on July 30, Bloomberg, citing sources familiar with the matter, reported that cloud service provider Nscale plans to acquire computational software company Anyscale for $1.65 billion.
As part of the transaction, approximately 200 employees from Anyscale will join Nscale. Anyscale completed a funding round in 2022 with a valuation exceeding $1 billion.
Nscale was founded in early 2024, evolving from a cryptocurrency mining company, and is headquartered in London. It primarily provides leased AI-specific computing power and is developing large-scale data centers, including projects in Norway and West Virginia.
Nscale previously stated plans to go public, potentially as early as the second half of 2026.