Nscale signs a multi-year GPU services agreement with Figure AI and takes a strategic stake in Figure

The parties

• Figure AIcompany pageBuyer
• Nscalecompany pageProvider

The source

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

GPU Services Agreement dated 2026-08-24 between Nscale and Figure AI Inc. The S-1 states the deal represents the potential to deploy up to 100,000 NVIDIA Vera Rubin GPUs, with initial GPUs targeted for deployment starting in the second half of 2027. Nscale also makes a strategic investment in Figure and becomes a shareholder; the amount of that investment and the contract value are not stated in the passage read.

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