IREN delays some Microsoft infrastructure while planning another $15 billion in spending
AI cloud operator IREN pushed back some infrastructure deliveries for Microsoft after design changes and supplier timing, while outlining another $15 billion in planned capital spending.
By TomorrowNews · AI-assisted briefing · Briefing published 6 November 2026
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IREN said the delay carries no financial penalty because Microsoft requested network-design changes. The company moved the expected start of more than $4 billion in annualized run-rate revenue from year-end to January and said timing could extend to late February.
The operator is building 200 megawatts of data-centre capacity for Microsoft in Texas. It reported $228 million in quarterly revenue, including $200 million from AI cloud services, and said capital commitments had reached $18.95 billion by the end of September.
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