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Aker calls Nscale's Microsoft lease loss minor ahead of $35B IPO

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Aker ASA CEO Øyvind Eriksen said Microsoft's cancellation of a UK data center lease with Nscale was a relatively minor contract within a larger portfolio and that the termination was expected. Aker holds about 23% of Nscale, a stake valued at roughly $3.31B, as Nscale targets a $35B US IPO. Nscale is also reported to be close to a multibillion-dollar compute deal with Anthropic.

AI-generated from reports · 1 hours agoUpdate

Latest updatesNov 4 19:58
Nscale investor Aker calls Microsoft contract loss minor ahead of $35bn IPO

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Nov 4
  1. Tech.eu
    Nscale investor Aker calls Microsoft contract loss minor ahead of $35bn IPO

    Aker ASA CEO Øyvind Eriksen called Microsoft's cancellation of a UK data centre lease with Nscale a relatively minor contract in a larger portfolio and said the termination was expected. Aker holds about 23% of Nscale, valued at roughly $3.31bn, as Nscale targets a $35bn US IPO. Nscale is reported to be close to a multibillion-dollar compute deal with Anthropic.

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