IREN's 300MW AI buildout slips: $4B annual revenue target moves to late January
tengyanAI · x · 2026-11-09
IREN's 300MW AI buildout timeline has slipped: the company expected over $4B a year of running revenue by December 31 as of August, but the target has now moved to January 31, possibly end of February. Management says the project is fully funded, blaming a customer design change and supplier timing.
@tengyanAI argues the AI buildout isn't slowing — the bottleneck is getting GPUs switched on and signed off by customers, not money. A minor delay that doesn't look great but is probably inconsequential; the real signal will be revenue showing up after commissioning and customer acceptance.
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