Microsoft cuts capex $5 billion after Iren data center delay

Microsoft reduced its capital expenditures by approximately $5 billion in the third quarter because rented data center capacity was not ready on time. Sources say one of the third-party providers behind the delays is Iren, a publicly traded cloud provider developing a Texas data center for Microsoft's Nvidia-equipped servers. The situation highlights the financial and operational risks that data center construction delays pose for younger cloud firms. Open article →