IREN delays $4 billion in projected annual recurring revenue to January
AIIREN said over $4 billion in annual recurring revenue projected for 2026 has been pushed out to at least January, citing a customer-requested change and supplier timing. The company reported quarterly revenue up 66% to $228 million, beating the $221 million analyst estimate according to LSEG. AI Cloud revenue more than doubled to $200 million.
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CNBC · Technology · cnbc.comPublished · added here
Original title: Neocloud IREN says $4 billion in annualized revenue being delayed due to customer request