According to Bloomberg, Anthropic is in talks with Nvidia-backed data center developer Nscale over a cloud computing agreement worth approximately $45 billion, involving the second building of the Monarch data center campus in West Virginia, which would provide 460 megawatts of computing capacity and use Nvidia's Vera Rubin chips. The deal could be finalized within days, though details may still change.
Nscale said on Sunday that Microsoft, which is both an investor and a customer, has withdrawn from a UK data center partnership. The site had been delayed due to limited power supply.
According to The Daily Telegraph, Microsoft has ended its data center project partnership with UK-based Nscale in Loughton, Essex. Microsoft, one of Nscale's largest customers, pulled out for unstated reasons, and neither company has commented. Nscale filed for a U.S. IPO in September 2026, with Microsoft and Anthropic as its main customers.
On September 25, AI cloud infrastructure company Nscale announced it completed a $3.36 billion convertible loan financing round, led by Third Point with participation from NVIDIA and other investors.
According to The Guardian's September 25 report, the Loughton data center project in Essex, heavily promoted by the UK government, may be delayed to the mid-2030s because it cannot secure enough power before its planned 2027 launch. Grid operator UKPN told developer Nscale that the grid would not provide sufficient electricity until the early-to-mid 2030s. Nscale said the project will continue and is studying on-site power generation and faster grid connection options.
London-based data center operator Nscale has filed with the U.S. Securities and Exchange Commission for an IPO, seeking to raise up to $3 billion in New York to expand infrastructure supporting AI computing demand. Nvidia holds a stake of over 5%, with Goldman Sachs, JPMorgan and Morgan Stanley as lead underwriters. The shares are expected to list on the New York Stock Exchange under the ticker NSCL.
British AI data center startup Nscale has appointed Fidji Simo, a former OpenAI, Meta and Instacart executive, to its board. Simo previously led OpenAI's AGI Deployment unit as CEO and left in July 2026 for health reasons. Nscale is preparing for an IPO in fall 2026 and reportedly aims to raise up to $3.5 billion.