Nscale's origins lie in Arkon Energy, a bitcoin mining site builder whose founder Josh Payne applied land and power acquisition expertise to selling compute to AI firms. Public miners had announced over $70 billion in AI and HPC contracts by March, cutting holdings by more than 15,000 BTC from peaks to fund buildouts. The pivot is costly: AI-ready facilities run $8-15 million per megawatt versus roughly $700,000-$1 million for mining. CoinShares counted over 4 GW of contracted AI capacity but only about 550 MW billing, with backlogs above $100 billion against just over $1 billion annualized AI revenue.

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Thread · 2 events · 1 disputed · last update 19 Oct 12:17
  1. First reportMicrosoft withdraws from UK data-center deal with Nscale25 acc.
  2. DisputedMicrosoft says it remains committed to its partnership with Nscale2 acc.
  3. Leviathan published this article

All times UTC.

Cited posts

  • @business BloombergFirst reportOn X ↗

    Microsoft has pulled out of a UK data center deal with British neocloud Nscale at a critical time for the startup’s initial public offering hopes, the Telegraph reported. https://t.co/yiyXv1PWmU

  • @IPONewsroom_ IPO NewsroomOn X ↗

    MICROSOFT SCRAPS UK DATA CENTER DEAL WITH NSCALE The pullback hits the British neocloud at a critical time for its IPO hopes, days after its $35 billion listing plans were clouded by a six-month delay at its flagship Norway data center, per Bloomberg and the Telegraph

  • @Telegraph The TelegraphOn X ↗

    Microsoft has pulled out of an Essex data centre deal in a blow to British company Nscale’s plans for a multibillion-dollar listing. The decision threatens to undermine Nscale’s attempts to push ahead with a Wall Street flotation worth up to $35bn (£26bn), despite a brutal…

Show 3 more cited posts
  • @TheLatentCo The LatentOn X ↗

    THE LATENT: Microsoft pulled out of a deal to anchor Nscale’s first UK data center, which isn’t expected to get grid power until the 2030s, per the Telegraph. Microsoft makes up over 40% of Nscale’s $103B contracted revenue. The exit comes just weeks before Nscale’s US IPO.

  • @AIStockSavvy Hardik ShahOn X ↗

    ⚡ 𝐔𝐏𝐃𝐀𝐓𝐄: $MSFT Microsoft Withdraws From Nscale UK AI Data Center Deal Amid Electricity Grid Delays — Bloomberg - $CRWV $NVDA $NBIS $IREN 👉 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: ➤ 𝗠𝗶𝗰𝗿𝗼𝘀𝗼𝗳𝘁 withdraws from 𝗡𝘀𝗰𝗮𝗹𝗲'𝘀 UK AI data center agreement. ➤ The…

  • @Sam_Badawi Sam BadawiOn X ↗

    BREAKING: Microsoft $MSFT has reportedly withdrawn from Nvidia $NVDA backed Nscale's planned AI data center in Essex, UK, citing power supply concerns. Delays could push operations into the 2030s. The project was part of previously announced $17.5B investment plans, although the… https://t.co/BmfAeRbMHy

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