According to the Telegraph, Microsoft has withdrawn from a planned agreement to be the anchor tenant of Nscale's proposed data centre in Loughton, Essex, though no specific reason was established. The project has faced delays and power supply problems, with authorities reportedly suggesting a grid connection might not come until the 2030s. Nscale's flagship data centre in Norway is also about six months behind schedule, with only 6.4 megawatts of its planned 30-megawatt capacity operational. The setback comes ahead of a possible IPO that could raise as much as $3 billion as early as October, while Microsoft and Anthropic account for about 85% of Nscale's contracts. Nscale says it remains committed to Loughton and that its relationship with Microsoft is strong, while Microsoft has not commented publicly.
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Microsoftdata centersIPOAnthropic
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MSFT
▼ Likely negativeMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $4.0T |
| Close on 10/16/2026 | 528.95 |
| Change that session | -1.94% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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