Microsoft scraps UK data center deal with Nscale, putting IPO plans at risk
Photo: Crypto Briefing
Grid delays pushed power for the Loughton site into the 2030s, and the AI cloud startup's biggest-name tenant walked away Microsoft has terminated its agreement to anchor Nscale’s planned £2 billion data center in Loughton, Essex. The startup is preparing a New York Stock Exchange listing, so the timing is unfortunate. The culprit is not chips, demand, or a boardroom spat. It is the electrical grid. Power for the site is not expected until the early to mid-2030s, which is a long time to keep 23,000 Nvidia AI chips waiting.
Source: Crypto Briefing
