Neocloud Nightmare Spreads To Nscale: Microsoft Walks From UK Deal As IPO Investors Slash $30 Billion Ask In Half

Ten days ago it was an Australian former bitcoin miner asking public markets for $30 billion. Today it's a British neocloud asking for... $30 billion.

Readers will recall that on Oct 8, Nvidia-backed Firmus first slashed the price of its ASX IPO by 25% and then pulled it entirely, promising instead to "pursue capital from the private markets." Our real-time verdict:

No Power, No Microsoft