Bloomberg: Nscale Still Moving Ahead With Listing, Targeting $30 Billion Valuation

October 31: According to Bloomberg, Nscale, an AI data center developer that pivoted from bitcoin mining, is still proceeding with its listing as planned, targeting a $30 billion valuation. However, Nscale's listing comes as the AI infrastructure industry faces pressure. Although the company claims to have signed $103 billion in contracts, it had delivered only 55 MW of computing capacity as of August 2026, while the capacity corresponding to its potential contract demand reaches 10 GW. In addition, Nscale's data center projects face delays, security violations and operational challenges, and Microsoft recently withdrew from one of its UK data center projects.