# IREN delays $4 billion in projected annual recurring revenue to January

> Original title: Neocloud IREN says $4 billion in annualized revenue being delayed due to customer request

- Source: CNBC · Technology
- Published: 2026-11-05T22:12:39.000Z
- Bad Influence: https://badinfluence.news/items/wkdmkva0v8uz8zi6xrset565x
- Original: https://www.cnbc.com/2026/11/05/iren-earnings-report-q1-2027-.html

## Summary

IREN 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.