“The rent-a-GPU business, which emerged from #cryptocurrency miner #ArkonEnergy, filed a Form S-1 registration statement with the US Securities and Exchange Commission (SEC) on Friday….The #FinancialTimes previously reported that the company was targeting a valuation of up to $35 billion.
The filing shows how costly Nscale's expansion has been. #Revenue surged from $10.4 million to $140.6 million in the six months to June 30, but its #NetLoss widened from $368.9 million to $1.02 billion over the same period.”
#GPU to #crypto to #AI to Stockmarket. Losses all the way down.
