Microsoft capacity buildout delayed
Company: IREN
The claim, verbatim
IREN pushed back the timeline for capacity it is building for Microsoft. Co-CEO Daniel Roberts blamed a network upgrade that Microsoft requested and supplier timing. The possible outside date is the end of February 2027.
Source (primary)
IREN Sinks 10% as Analyst Target Cuts Pile Up After Microsoft Delay; Cipher Digital Falls 6%, TeraWulf Slides 2% - 24/7 Wall St. (-, news_article)
View cached copy (2026-11-11)Live source ↗Archive.org ↗
Quote: “The report pushed back the timeline for capacity the company is building for Microsoft ... co-CEO Daniel Roberts blamed a Microsoft-requested network upgrade and supplier timing.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms IREN Sinks 10% as Analyst Target Cuts Pile Up After Microsoft Delay; Cipher Digital Falls 6%, TeraWulf Slides 2% - 24/7 Wall St.
Quote: “The report pushed back the timeline for capacity the company is building for Microsoft ... co-CEO Daniel Roberts blamed a Microsoft-requested network upgrade and supplier timing.”