Microsoft pulled out of a deal to lease a 50MW Nscale data center in Loughton, UK, because of power-grid constraints. The facility was to host 23,000 Nvidia GB300 chips for Azure. Nscale says the relationship remains strong and it is exploring alternative power. The setback comes as Nscale prepares for an IPO, having filed with the SEC and raised $3.36 billion in pre-IPO notes. The news follows recent pressure on AI infrastructure stocks from rate-hike fears.
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