Bloomberg: Nscale Still Proceeding with IPO as Planned, Targeting $30 Billion Valuation

深潮 TechFlow news, Oct. 29, according to Bloomberg, AI data center developer Nscale, which pivoted from a Bitcoin mining company, will still proceed with its IPO as planned, targeting a $30 billion valuation. However, Nscale's listing comes as the AI infrastructure sector faces pressure. Although the company claims to have signed $103 billion in contracts, as of August 2026 it has delivered only 55 megawatts of compute capacity, while potential contracted demand corresponds to 10 gigawatts of capacity. In addition, Nscale's data center projects face delays, security breaches and operational challenges, and Microsoft recently exited one of its UK data center projects.

Source: 深潮 TechFlow