Nscale's page says the company raised that amount in pre-IPO convertible financing.

TechCrunch reports talks with Anthropic for another $45 billion compute deal.

The page does not state a signed Anthropic contract, a chip order, or a power commitment.

The company page leans on reserve, dedicated, purpose-built, and behind-the-meter language.

Those words describe a stack, but they do not state how many GPUs are reserved, how many data centers are live, or how much power is contracted.

A buyer or fab sees no new capacity until the $45 billion figure becomes a signed number.

The Anthropic deal still lacks a signed term, chip model, node, power figure, and ship date.

Until the two pages stop disagreeing, the story is a financing disclosure, not a capacity order.

The disclosed financing is the only number on the trusted page, so the Anthropic talks remain unconfirmed.