IREN shares fall 3.3% as investors demand delivered AI capacity
AI Summary- IREN shares fell 3.3% to $43.87 on Thursday as co-CEO Daniel Roberts discussed delivery expectations.
- IREN reported $70.5 million in June-quarter AI cloud revenue and roughly $1 billion annualized run rate.
- Microsoft accepted IREN’s first 50-megawatt Horizon 1 site in August under a $9.7 billion agreement.