Ryan McMorrow, Kieran Smith, Rachel Rees and David Hindley
Nov 1, 2026 – 4.00pm
Nscale, one of the UK’s most valuable start-ups, is facing mounting setbacks and financing risks on a vast US data project that underpins its planned $US35 billion ($50 billion) IPO.
The Nvidia-backed “neocloud”, which counts former Meta executive Sheryl Sandberg and ex-UK deputy prime minister Sir Nick Clegg as board members, is pinning its hopes on a rural site in West Virginia to be the main driver of future revenues.
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Financial Times