Markets· ★★★· bearish·

Nscale loses Microsoft AI deal as UK grid delay stretches into 2030s

  • —The Loughton, Essex site was to deliver 50 MW of computing capacity to Microsoft's Azure cloud
  • —It was designed for 23,040 Nvidia chips with a target go-live in early 2027
  • —UK Power Networks said enough capacity may not be available for roughly another decade
  • —UK data center connection requests total about 73 gigawatts, per Ofgem
Why it matters: The setback highlights the power and financing risks facing bitcoin miners pivoting to AI infrastructure, where idle sites generate no revenue.
Source: CoinDesk