IREN

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Markets5 Nov 2026

IREN delays $4B in annual revenue after Microsoft requests network upgrade

Neocloud provider IREN pushed back $4 billion in projected annual revenue to early 2026 after Microsoft asked to upgrade data center networking for frontier AI models.

2 min read

Words to know

Capital expendituresMoney spent by a company to acquire or maintain physical assets like buildings and equipment.Earnings callA call where a listed company presents its results and takes questions from analysts.neocloudA cloud provider focused specifically on specialised computing hardware for AI tasks.RevenueAll the money a company takes in from sales, before costs.