Nscale's IPO plans hit another snag: Microsoft exits data center project
02:20:01 19/10/2026
Bollcoin reported on October 18, citing The Daily Telegraph, that Microsoft (MSFT.O) has withdrawn from a data center partnership with UK-based emerging cloud service provider Nscale in Loughton, Essex, England. The move comes at a critical time as Nscale prepares for its IPO, adding another variable to the startup's listing plans. The report said Microsoft did not specify the reason for terminating the partnership, but the project has faced a series of delays. Local authorities have informed Nscale that power for the facility is not expected to be available until the 2030s. In addition, Nscale's flagship project in Norway is about six months behind schedule, with only 6.4 MW of the planned 30 MW data center currently in operation. According to Nscale's IPO filing, about 85% of the company's contracts depend on Microsoft and Anthropic.