[Bloomberg: Nscale to Proceed with IPO, Aiming for $30 Billion Valuation] According to a Bloomberg report on October 29th, Nscale, an AI data center developer that transitioned from Bitcoin mining, will proceed with its IPO as planned, aiming for a $30 billion valuation. However, Nscale's IPO comes at a time of pressure for the AI infrastructure industry. While the company claims to have signed $103 billion in contracts, it has only delivered 55 megawatts of computing power as of August 2026, while potential contract demand corresponds to a capacity of 10 gigawatts. Furthermore, Nscale's data center projects face delays, security violations, and operational challenges; Microsoft also recently withdrew from one of its UK data center projects.