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SoftBank Reports First Net Loss in Nearly Two Years After $3.7 Billion Data Center Writedown

SoftBank Group posted its first net loss in almost two years, taking a $3.7 billion writedown on US data-center projects and pulling out of gas turbine orders it had overestimated needing for the AI buildout.

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Timeline · 2 reports

  1. 2026-11-11 14:29 · Tom's Hardware
    Softbank loses $3.7 billion on canceled AI data center gas turbine orders days after denying Elon Musk’s claim it was defaulting
  2. 2026-11-10 06:35 · Bloomberg AI
    SoftBank Loses $7 Billion After Data Center Writedown

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