{"id":1031890,"date":"2026-08-29T07:30:33","date_gmt":"2026-08-29T02:00:33","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1031890"},"modified":"2026-08-29T07:32:05","modified_gmt":"2026-08-29T02:02:05","slug":"data-center-firm-iren-signs-new-deal-with-frontier-ai-lab-quarterly-loss-hits-shares","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/08\/29\/data-center-firm-iren-signs-new-deal-with-frontier-ai-lab-quarterly-loss-hits-shares\/","title":{"rendered":"Data center firm IREN signs new deal with frontier AI lab; quarterly loss hits shares"},"content":{"rendered":"<p>Data center firm IREN said \u200bon Thursday it has \u200bsigned a new multi-year contract with \u200ba frontier AI lab and secured $2.8 billion in new financing to help fund its AI chip purchases. <\/p>\n<p>IREN shares \u200cfell more \u2060than \u20607% in extended trading after the company swung to \u200ba quarterly loss, driven by costs tied to retiring \u200bbitcoin mining hardware as it shifts to AI cloud services. <\/p>\n<p>Here are more details:<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Data center firm IREN said \u200bon Thursday it has \u200bsigned a new multi-year contract with \u200ba frontier AI lab and secured $2.8 billion in new financing to help fund its AI chip purchases. IREN shares \u200cfell more \u2060than \u20607% in extended trading after the company swung to \u200ba quarterly loss, driven by costs tied to retiring \u200bbitcoin mining hardware as it shifts to AI cloud services. Here are more details:<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1031890","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1031890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1031890"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1031890\/revisions"}],"predecessor-version":[{"id":1031891,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1031890\/revisions\/1031891"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1031890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1031890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1031890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}