Nscale agrees to acquire Anyscale for $1.65B, settled in Nscale equity

The parties

• Nscalecompany pageAcquirer
• AnyscaleBeing acquired

The source

Nscale Form S-1, filed 2026-09-18Regulatory filing

Definitive agreement of July 2026 (2026-07-28 in the Recent Developments section) to acquire Anyscale, the AI compute platform built on Ray, for consideration of $1.65B settled in Nscale equity. Subject to regulatory approvals and other conditions, including completion of Nscale's IPO. Closing expected in the second half of 2026.

The same parties, other deals

• Nscale agrees to provide Anthropic dedicated GPU infrastructure at its Monarch Compute Campus for up to about $44.6B$44.6B · 18 Sept 2026
• Dell Financial Services leases computing equipment to Nscale under 40 schedules totalling about $2.54B of initial-term rent$2.54B · 18 Sept 2026
• Nscale signs a multi-year GPU services agreement with Figure AI and takes a strategic stake in Figureundisclosed · 18 Sept 2026
• Nscale Services UK enters a $1.4B senior secured delayed-draw term loan to finance GPUs, at Term SOFR plus 5.00%$1.4B · 18 Sept 2026
• Nscale enters a revolving credit facility with JPMorgan Chase as agent, upsized from $770M to $900M$900M · 18 Sept 2026
• ABN AMRO, DNB and Nordea lend Nscale's Norway subsidiary $790M for data center construction at Kvandal South$790M · 18 Sept 2026