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TRX Microsoft exits UK data center deal with Nscale ahead of $35B IPO
A Telegraph report cited by a Reddit post says Microsoft terminated its agreement for Nscale's data center in Loughton, Essex, with Nscale having faced project delays and grid officials not expecting power until the 2030s. The post says Nscale filed for a US IPO last month seeking a target valuation of up to $35 billion, with Microsoft and Anthropic expected to be major customers. The poster adds their own speculation that Microsoft is using the power delay as an excuse to cut AI spending.
Why “Rumor”
- Only community or trader posts: r/stocks
0 independent source groups across 1 post · evidence score 9/100. How labels work
What the sources claim
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Microsoft terminated its agreement for Nscale's data center in Loughton, Essex, according to the Telegraph report.
“recently terminated its agreement for the data center in Loughton, Essex, Telegraph reports”
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Grid officials told Nscale they did not expect a power supply for the data center until the 2030s.
“did not expect a power supply for the data center until the 2030s”
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Nscale filed for a US IPO last month with a target valuation of up to $35 billion.
“its S-1 for a U.S. IPO seeking a target valuation of up to $35 billion”
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Microsoft and Anthropic are expected to be Nscale's major customers.
“with Microsoft and Anthropic expected to be its major customers”
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The poster speculates Microsoft is using the power delay as an excuse to cut AI spending.
“I have a feeling MS is just using this power delay as an excuse to cut its AI spend”
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Sources
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Summary and claims extracted by AI with prompt analyze-story@5 on 2026-10-18 14:00 UTC. Labels are computed from the sources, not by the model.