Microsoft Exits Nscale’s Planned Essex Data Centre Deal
The reported withdrawal comes as Nscale faces delays at UK and Norway sites and prepares for a potential IPO.
Key takeaways
- The Telegraph reported that Microsoft pulled out of a data centre deal at Nscale’s Loughton site.
- Authorities told Nscale they do not expect to supply power to the site until the 2030s.
Microsoft has pulled out of a deal for a data centre at Nscale’s site in Loughton, Essex, the Telegraph reported. The newspaper gave no specific reason for the withdrawal.
The site has faced delays, and authorities told Nscale they do not expect power to reach the facility until the 2030s, according to the Telegraph. Nscale’s flagship data centre in Norway is also six months behind schedule, with 6.4 megawatts of its planned 30 megawatts operating.
Microsoft had been set to become the anchor tenant at Nscale’s first UK data centre. The reported withdrawal comes as Nscale seeks to raise as much as US$3 billion in an IPO as soon as October.
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
