A post by @FirstSquawk on X.

Nscale Limited said it expects total capital spending of roughly $19 billion to $21 billion to complete development of its contracted data center sites, as of September 30. The disclosure, relayed via First Squawk, frames the scale of the buildout tied to the company's contracted data center capacity. The figure covers remaining development costs for sites already under contract rather than total company spending. The update matters because it quantifies the capital intensity of Nscale's data center commitments at a time of heavy infrastructure demand. What to watch next is whether the company secures financing for the program and whether the cost estimate holds as construction progresses.