Microsoft-requested network redesign carries no penalties
Company: IREN
The claim, verbatim
Microsoft requested the network reconfiguration after taking delivery of Horizon 1 so the full 200 MW could serve the newest frontier models; Roberts called the incremental capex entirely immaterial and said the changes carry no penalty provisions.
Source (primary)
IREN Shares Slump 17% as Bitcoin Mining Revenue Collapses and Microsoft Delivery Slips to 2027 - BigGo Finance (-, news_article)
View cached copy (2026-11-06)Live source ↗Archive.org ↗
Quote: “He described the incremental capital spending as "entirely immaterial" relative to the broader cluster and said the changes carry no penalty provisions.”
How we checked this
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Additional evidence
confirms IREN Shares Slump 17% as Bitcoin Mining Revenue Collapses and Microsoft Delivery Slips to 2027 - BigGo Finance
Quote: “He described the incremental capital spending as "entirely immaterial" relative to the broader cluster and said the changes carry no penalty provisions.”