Bitcoin miner IREN has pushed back its AI operations revenue milestone to January 2027 and is seeking $6.0 billion in financing for its expansion.
Bitcoin miner IREN has postponed its AI operations revenue milestone from December 31, 2026, to January 31, 2027, with a potential extension through the end of February, citing customer-requested architectural adjustments and vendor scheduling. Its annualized AI operating revenue target exceeds $4 billion. Additionally, financial reports show that its initial 0.3GW plan has secured conditional funding coverage, while its broader fiscal year 2027 expansion still requires an additional $6 billion in financing.
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