IREN’s Texas data center for Microsoft falls behind schedule
Photo: Crypto Briefing
Network changes requested by Microsoft for newer AI models are slowing IREN's Childress buildout, putting later phases of a $9.7 billion deal under pressure IREN’s flagship Texas data center project is running late. The cause is one of its own customers. Microsoft asked for network changes to support newer AI models. That request has pushed the former Bitcoin miner’s Childress campus behind schedule. The stakes are large. The Childress buildout underpins a five-year cloud services contract with Microsoft valued at approximately $9.7 billion. The contract is structured in four phases, which IREN calls Horizons.
Source: Crypto Briefing
