IREN delays over $4 billion in projected 2026 recurring revenue to January
Overview
IREN says over $4 billion in annual recurring revenue it projected for 2026 has been pushed out to at least January, citing a customer-requested change and supplier timing.
The delay was disclosed in the company's quarterly earnings report, which CNBC covered.
In the same report, IREN posted quarterly revenue of $228 million, up 66% and above the $221 million analyst estimate compiled by LSEG. AI Cloud revenue more than doubled to $200 million. The report came after the company's stock fell 26% following the election, according to CNBC.
Written by AI from the articles below · updated Nov 5, 5:23 PM ET
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- CNBC · TechnologyNewsIREN 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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