Nscale competitors
As of 2026-09-05, Nscale's closest competitors in GPU Clouds (Neoclouds) are CoreWeave, Oracle and IREN. wafergraph tracks 13 companies in GPU Clouds (Neoclouds); Nscale is positioned as a market niche there, and the largest competitor by market cap is Oracle at $457.4B.
Data as of 2026-09-05 · peers = companies sharing Nscale's primary GPU Clouds (Neoclouds) segment in the wafergraph taxonomy · ordered by market position, then market cap
Who competes with Nscale
| Competitor | Position | Country | Market cap | Revenue | Compare |
|---|---|---|---|---|---|
| CoreWeave | leader | United States | $49.3B | $5.1B | — |
| Oracle | major | United States | $457.4B | $67.4B | — |
| IREN | challenger | Australia | $17.6B | $707M | — |
| Applied Digital | challenger | United States | $7.5B | $611M | — |
| Crusoe Energy | challenger | United States | Unpriced | — | — |
| Lambda | challenger | United States | Unpriced | — | — |
| Nebius Group | challenger | Netherlands | Unpriced | $530M | — |
| HIVE Digital Technologies | niche | Canada | $850M | $298M | — |
| Bit Digital | niche | United States | $590M | $114M | — |
| Fluidstack | niche | United Kingdom | Unpriced | — | — |
| Together AI | niche | United States | Unpriced | — | — |
| Voltage Park | niche | United States | Unpriced | — | — |
Suppliers Nscale shares with its competitors
A supplier shared across rivals is a segment-level chokepoint: if it fails, the whole peer group feels it at once.
Customers Nscale shares with its competitors
Cite as: wafergraph, “Nscale competitors — 12 rivals in GPU Clouds (Neoclouds), compared”, https://wafergraph.com/competitors/nscale (data as of 2026-09-05).
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