IREN says Microsoft request delays $4 billion in annualized revenue
Neocloud beats revenue estimates as shares rise in extended trading after 55% monthly drop
Neocloud operator IREN said on Thursday that more than $4 billion in annual recurring revenue projected to land in 2026 has been pushed out to at least January due to a customer-requested change and supplier timing. Shares rose in extended trading, following a 55% drop over the past month.