Nscale plans to go public with a target valuation of 30 billion dollars.

Bitcoin mining company turned AI data center developer Nscale plans to pursue an IPO, targeting a valuation of $30 billion. Nscale claims to have signed $103 billion in contracts, but by August 2026 will have delivered only 55 MW of computing power, far below the potential contract demand of 10 GW. Nscale’s data center projects are facing delays, safety violations, and operational challenges. Microsoft has already withdrawn from one of Nscale’s data center projects in the UK. (Source: Bloomberg)