Neocloud IREN says $4 billion in annualized revenue being delayed due to customer request - CNBC — SkimNews
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- IREN said customer-requested delays were holding back $4 billion in annualized revenue.
- IREN stock jumped as its first-quarter net loss narrowed and AI cloud revenue nearly tripled.
Why it matters: IREN and Microsoft face a concrete timing issue: $4 billion in annualized revenue is being delayed, including Microsoft AI deliveries. The stated counterweight is IREN’s nearly tripled AI cloud revenue, narrower first-quarter loss, $15 billion spending plan and stock jump, making delivery timing the material issue alongside continued expansion.
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