AI1 source
IREN Moves Its $4 Billion AI Cloud Goal Into 2027, With $6 Billion of Capex Yet to Be Financed
Headline from Unchained
Key points
- Bitcoin miner and AI cloud provider IREN has pushed its four billion dollar AI cloud revenue target back to 2027.
- The company cited supplier timing and customer-requested adjustments for the schedule change.
- IREN still requires six billion dollars in capital expenditure financing, even as its AI cloud revenue reached two hundred million dollars during the previous quarter.
Summarized automatically by Kryptokite from reporting by Unchained. Read the original sources for full detail.
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Sources
- UnchainedIREN Moves Its $4 Billion AI Cloud Goal Into 2027, With $6 Billion of Capex Yet to Be Financed · 1 hour agoRead on Unchained
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