00:00Two customers account for most of NScale's $103.4 billion contracted book.
00:07Two named customers dominate that contracted book.
00:11Statements of work with Microsoft provide for payments of up to roughly $43.8 billion through December 2033.
00:20Agreements signed with Anthropic in August 2026 provide for payments of up to roughly $44.6 billion.
00:30Together, those ceilings account for most of NScale's $100 and $3.4 billion of active and contracted value, compared with
00:39$2.6 billion active.
00:41The concentration is already visible in current operations, as well.
00:46NScale's largest customer generated 52% of revenue in the first half of 2026.
00:54Watch the full breakdown, tap the related video.
01:00Je 74 year other founder of NScale's $1.5 billion.
