Iren net loss narrows to $263 million amid Texas data centre uncertainty and Microsoft contract changes
Australian Financial Review · Jenny Wiggins ·
Iren says Microsoft has requested design changes at a data centre known as Childress in Texas as it slashed spending forecasts.
Neocloud Iren has confirmed delays at a Texas data centre that it is building for Microsoft and slashed its spending forecasts due to turmoil in financial markets, as it delivered a quarterly net loss of $263 million.
The Nasdaq-listed company, founded by Australian brothers Daniel and Will Roberts, builds and operates data centres and provides artificial intelligence and cloud services to customers.
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