TechFinancial Times2h ago
Microsoft rejects an option to more than double its Texas data center
Sources: Microsoft rejects an option to more than double its Texas data center contract with Nscale, dealing a fresh blow to Nscale's ambitions for a $35B IPO
TL;DRMicrosoft declined to expand its data center deal with Nscale ahead of the startup's planned IPO.
Why it matters: Losing a major customer contract weakens Nscale's revenue prospects and valuation right before going public.
Fresh blow ahead of start-up's IPO as tech giant turns down option to more than double Texas data centre contract
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