Microsoft scraps $3 billion AI data centre deal in Essex

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By William Smith • Updated Oct 19, 2026 at 06:00

Microsoft quits Nscale UK data centre deal ahead of planned $3 billion IPO - investingLive — Microsoft scraps $3 billion AI data centre deal in Essex

Microsoft has halted a deal with Nscale to build a $3 billion AI data centre in Loughton, Essex. This project was planned as the UK's largest AI facility. The decision comes after issues about the power supply for the site. This move could affect Nscale's plans for a $3 billion initial public offering. The cancellation highlights challenges with the power infrastructure for the project.

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