Unchained reports that IREN, a bitcoin miner transitioning to an AI cloud provider, has postponed its $4 billion AI cloud target to 2027. The company cited a customer-requested change and supplier timing issues for the delay. Despite this setback, IREN's AI cloud revenue reached $200 million last quarter. The company still needs to finance $6 billion in capital expenditures.
Based on the Unchained report; not independently verified.
Source published: Fri, 06 Nov 2026 10:45:12 +0000
[Read the original report](https://unchainedcrypto.com/iren-moves-its-4-billion-ai-cloud-goal-into-2027-with-6-billion-of-capex-yet-to-be-financed/)
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