IREN data center delays linked to Microsoft's $5 billion Q3 capex shortfall

Amir Efrati reports, citing Aaron Holmes, that IREN was one of the third parties whose data center delays led Microsoft to spend $5 billion less on capital expenditure than planned in the third quarter.

The report gives no further detail on the delays or IREN's role.

SemiAnalysis says it would not be surprised by this link, citing neocloud customers who raise IREN for power outages, network upgrades, storage failures and air quality problems causing link flaps. SemiAnalysis does not say these specific issues caused the Microsoft delays.