IREN Delays Microsoft AI Deliveries
AI data center firm IREN delayed infrastructure deliveries for Microsoft following design changes and outlined a 15 billion dollar spending push. The company also beat quarterly revenue estimates on strong AI cloud growth.
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IREN LTD delayed infrastructure deliveries for MICROSOFT CORP on Thursday while outlining a $15 billion spending push. The move follows a broader market selloff that pressured artificial intelligence infrastructure providers. Executives report strong quarterly revenue growth despite the shifting timeline.
