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via cnbc.comTech & AI

IREN says $4 billion in annualized revenue delayed at customer request

FROM THE WIRE · CNBC.COM

After a dramatic plunge in its stock price, IREN said some revenue is being delayed from 2026 until early next year. IREN said in its earnings report that AI cloud revenue more than doubled from the prior quarter.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA large revenue delay weighs on confidence in AI cloud providers after the stock's sharp decline.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01IREN says some revenue is being delayed from 2026 until early next year.
  2. 02AI cloud revenue more than doubled from the prior quarter, according to its earnings report.
  3. 03The stock had plunged sharply before the announcement.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
IREN LimitedIRENStock18.03 USDMarket closedtoday -16.95%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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