The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Research · Q1

Bytedance → Nscale

$24.0M — **Nscale's US IPO filing shows ByteDance's Singapore subsidiary Spring accounted for about 73% of the Nvidia-cloud company's 2025 revenue, $24 million of $33 million, by renting 2,304 Nvidia B200 chips at Nscale's data centre in Glomfjord, Norway.** The filing, made public on 09-

high confidence · as of 2026-09-23T00:00:00Z · about Nscale

$24.0M — **Nscale's US IPO filing shows ByteDance's Singapore subsidiary Spring accounted for about 73% of the Nvidia-cloud company's 2025 revenue, $24 million of $33 million, by renting 2,304 Nvidia B200 chips at Nscale's data centre in Glomfjord, Norway.** The filing, made public on 09-


the working

Basis

$24.0M — **Nscale's US IPO filing shows ByteDance's Singapore subsidiary Spring accounted for about 73% of the Nvidia-cloud company's 2025 revenue, $24 million of $33 million, by renting 2,304 Nvidia B200 chips at Nscale's data centre in Glomfjord, Norway.** The filing, made public on 09-

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