Microsoft has terminated its agreement with British startup Nscale to host 23,000 Nvidia chips at a £2 billion data center in Loughton, Essex. The cancellation comes as Nscale prepares a New York Stock Exchange listing, targeting a $35 billion valuation and aiming to raise $3 billion. The deal fell through due to UK electrical grid delays, with sufficient power not expected until the early to mid-2030s. Microsoft accounted for approximately $43.8 billion of Nscale’s $103.4 billion contracted backlog, raising questions about the company’s ability to deliver on its remaining commitments.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
