ByteDance brought in nearly 75% of Nscale’s 2025 sales, the FT reports

ByteDance's Singapore subsidiary, Spring, accounted for nearly 75% of UK AI cloud firm Nscale's $33M revenue in 2025 by using its Norwegian data center to access Nvidia chips restricted from China. Nscale disclosed this in its US SEC filing ahead of its New York listing, highlighting reliance on a few major customers. Despite regulatory risks, Nscale has since secured much larger contracts, including a $44.6B deal with Anthropic.