By Geoff Weiss
Publication Date: 2026-11-06 00:25:00
The Nvidia-backed cloud provider IREN said Thursday that a Microsoft-requested change to networking equipment resulted in delays to a massive data center project in Childress, Texas.
IREN said it now expects to reach $4 billion in operating annual recurring revenue by January or February, having previously targeted year-end.
The project comprises four phases, and IREN is building it under a $9.7 billion contract with Microsoft. After the first building was delivered in August, Microsoft requested relatively inexpensive changes to help support the latest AI models, IREN co-CEO Daniel Roberts said Thursday on an earnings call.
“The data centers are practically done, and we’re waiting for remaining equipment to arrive to finish commissioning,” he said.
He said that IREN and Microsoft have a “great relationship.”
Microsoft said last week that it spent $5 billion less than expected on AI infrastructure due to delays from third-party cloud providers….
