Microsoft exits Nscale U.K. data center deal as IPO pressures mount

What happened: Microsoft (MSFT) withdrew from a planned Nscale (NSCL) data center in Loughton, Essex, the Telegraph reported. Nscale did not specify why Microsoft ended the agreement. Key numbers: Nscale aims to raise as much as $3 billion in an IPO. Its Norwegian facility is six months behind schedule, with 6.4 megawatts operating out of an intended 30 megawatts. Why it matters: The exit adds uncertainty to Nscale's IPO effort, and the report says the listing will test investor appetite for businesses whose growth depends on infrastructure still under development. Market: -11.9% today ($61.39), -22.6% YTD, 3.0x vol — as of 23:45 UTC Coverage: 4 outlets in 24h

Microsoft (MSFT) withdrew from a planned Nscale (NSCL) data center in Loughton, Essex, the Telegraph reported. Nscale did not specify why Microsoft ended the agreement.

The exit adds uncertainty to Nscale's IPO effort, and the report says the listing will test investor appetite for businesses whose growth depends on infrastructure still under development. Market: -11.9% today ($61.39), -22.6% YTD, 3.0x vol — as of 23:45 UTC