A post by @FirstSquawk on X.
IREN, backed by Nvidia, is running behind schedule on its major Texas data centre project following Microsoft's request for networking modifications to accommodate newer AI models. The delay highlights the technical challenges involved in…
@FirstSquawk on X
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Nvidia-backed IREN has fallen behind schedule on its flagship Texas data center project after Microsoft requested networking modifications to support newer AI models. The setback underscores the technical hurdles of scaling infrastructure for increasingly advanced AI workloads. IREN, a bitcoin miner turned AI cloud provider, is building the facility to host Microsoft’s AI compute, making the timeline slip a closely watched test of its pivot. Investors will focus on whether IREN can absorb the redesign costs and reset delivery dates without derailing contracted capacity.
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Named in this story
IREN, Microsoft (MSFT), Nvidia (NVDA), Texas
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