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Bitcoin mining offshoot Nscale loses Microsoft AI deal as power delay stretches into 2030s
Publication: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Author: Shaurya Malwa
Source published: 19/10/2026, 09:15:00 UTC
Briefing created: 19/10/2026, 11:44:37 UTC
Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 19/10/2026, 11:40:24 UTC.
Briefings
Nscale, an Nvidia-backed mining firm, lost a Microsoft AI deal due to a potential power grid delay that could extend to the 2030s. The company planned to supply 23,000 AI chips to the UK next year, but infrastructure constraints threaten this timeline.
Key points
- Nscale planned to deliver 23,000 AI chips to the UK next year.
- Power grid connection may not be ready until the 2030s.
Context
Nscale, an Nvidia-backed mining firm, lost a Microsoft AI deal due to a potential power grid delay that could extend to the 2030s. The company planned to supply 23,000 AI chips to the UK next year, but infrastructure constraints threaten this timeline.
Limitations
Evidence is limited to a single sentence stating a planned delivery date and a potential future power grid delay. Specific dates for the delay, technical specifications of the chips, or the exact nature of the deal termination are not provided.
Generated by Bittrees-hosted qwen35-2b sha256:aaf42c8b7c3c on 19/10/2026, 11:44:37 UTC. Based on publisher-provided feed evidence; may not cover the full original article. Check the source for details.
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