IREN Says Microsoft Request Delays $4 Billion Revenue Target to January
IREN told investors Thursday that more than $4 billion in contracted annualized revenue slips from 2026 to January, possibly February, after Microsoft asked for network changes at a Texas site. The company says the money is contracted and funded, but it still has $6 billion of its planned $15 billion in spending dependent on market conditions. CoreWeave reports Tuesday and Nebius next Thursday, both after steep drops.