【Market Flash】Investors are already questioning the $35 billion valuation. AI infrastructure company Nscale plans to list in the U.S. and raise about $3 billion, targeting a valuation of up to $35 billion—around 2.4 times its $14.6 billion private-market valuation in March this year. But only about 2.5% of its $103.4 billion contract backlog has been activated. Revenue in the first half was $140.6 million, while its net loss reached $1.02 billion. Its project in Norway has also been delayed by about six months. (Source: CryptoBriefing)
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