Nscale plans to go public, targeting a valuation of $30 billion.

Bitcoin miner Nscale, a data center developer transitioning to AI, is planning an IPO with a target valuation of $30 billion. Nscale claims to have signed $103 billion in contracts, but as of August 2026, it has only delivered 55 megawatts of computing power, far below the potential contract demand of 10 gigawatts. Nscale's data center projects face delays, security breaches, and operational challenges; Microsoft has withdrawn from an Nscale data center project in the UK. (Source: Bloomberg)