Nscale's US$35 billion IPO faces fresh uncertainty after Microsoft rejects Texas AI capacity expansion

DIGITIMESNovember 5, 2026en

UK-based AI computing infrastructure startup Nscale, backed by Nvidia, is planning a US$35 billion initial public offering (IPO) in 2026. However, Microsoft, one of its major customers, has reportedly decided not to exercise an option to expand its computing capacity lease at a Texas data center.

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