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Josh Payne: Nscale is still on track for its IPO, targeting a $30 billion valuation.

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Nscale founder and CEO Josh Payne stated that despite market skepticism, the company is proceeding with its planned IPO, targeting a $30 billion valuation. Nscale claims to have signed $103 billion in contracts, but as of August 2026, it has only delivered 55 megawatts of computing power, and projects face delays, security violations, and operational challenges. Microsoft has already withdrawn from one of its UK data center projects. (Source: Bloomberg)

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