IREN Moves Its $4 Billion AI Cloud Goal Into 2027, With $6 Billion of Capex Yet to Be Financed
Photo: Unchained
The bitcoin miner turned AI cloud provider blamed a customer-requested change and supplier timing for the delay, as AI cloud revenue rose to $200 million last quarter. IREN , the Nasdaq-listed bitcoin miner turned AI cloud provider, now expects to reach more than $4 billion in annualized run-rate revenue in January 2027 instead of by the end of this year, and the date could move to the end of February, the company said on Thursday with its results for the quarter ended Sept. 30. IREN also set out how it plans to pay for its buildout.
Source: Unchained
