Nvidia-backed neocloud Nscale on Thursday released updated paperwork for a U.S. initial public offering.
The company had a third-quarter net loss of $1.69 billion on $307.5 million in revenue, which was up 1,344% year over year, according to an updated prospectus for its planned initial public offering. The net loss widened from $1.02 billion in the second quarter, when the company generated $140.6 million in revenue, up 1,252%.
London-based Nscale filed to go public in September, but hasn't updated its prospectus since then. The company did not specify how much it intends to raise in the public offering on the New York Stock Exchange.
Microsoft walked away from an Nscale data center that it had planned to use in England. Darren Hardman, Microsoft's CEO for the U.K and Ireland, told CNBC in October that the decision had to do with Nscale's ability to get access to electricity.
The Financial Times reported that Microsoft decided against renewing a contract with Nscale in Texas. The company said in its IPO filing that it expects Microsoft to be a "significant customer in future periods."