ByteDance accounted for nearly 75% of Nscale's 2025 revenue via Norway data center access to Nvidia B200 chips
ByteDance, through its Singapore subsidiary Spring, accessed 2,304 Nvidia B200 AI chips at Nscale’s Glomfjord, Norway data center in May 2025, enabling use of restricted U.S. technology despite export controls. This arrangement, backed by a $105 million Macquarie loan and $35 million in equity, accounted for nearly 75% of Nscale’s $33 million revenue in 2025, though ByteDance was not named in…
Key points
- ByteDance’s subsidiary Spring used 2,304 Nvidia B200 chips at Nscale’s Norway data center via a $105M Macquarie loan and $35M equity.
- ByteDance accounted for nearly 75% of Nscale’s $33M 2025 revenue but was omitted from the main S-1 IPO filing.
- Nscale expects ByteDance’s revenue share to drop below 20% as its deals with Microsoft and Anthropic grow.
The story so far
2 episodes →- ByteDance accounted for nearly 75% of Nscale's 2025 revenue via Norway data center access to Nvidia B200 chipsthis story
China's ByteDance gained access to over 2,000 Nvidia B200 chips through Norway data center
Tom's Hardware · 23 September 2026
Loading the full article…
This text was published by Tom's Hardware and written by Jowi Morales. It is reproduced here with attribution so you can read it in full; the rights remain with the publisher. Read it at the source ↗
Coverage and discussion
3sources- Hacker News discussion · 10 pointsnews.ycombinator.com
- Nvidia-backed Nscale keeps its biggest customer, Bytedance, out of its IPO filingPress · The Decoder ·
- Sources and Nscale's US SEC filings: ByteDance accounted for nearly 75% of Nscale's sales in 2025 and used Nscale's facility in Norway to access Nvidia AI chipsPress · ft.com ·
The headline, key points and digest above were generated by Digest AI's editorial model from the linked sources. Automated summaries can contain errors: the sources are the record. Spotted a mistake? Tell us. Published by Martin K., who runs Digest AI and handles corrections.
More in Business & Funding
All →- OpenAI raises $11B at $1.25T valuation, Bloomberg reports · 18 src
- WWT to secure £225m in European compute for AI startups · 1 src
- Nvidia stock fell 9.26% on Thursday, November 5, to $181.60 · 3 src
- Sand.ai raises $200M Series A+ to reach $1B valuation · 1 src
- AMD CEO says company is data‑center first amid soaring GPU prices · 1 src
Comments
via GitHub Discussions