Operating Annual Recurring Revenue
Company: IREN
The claim, verbatim
IREN reached $1 billion in operating annualized recurring revenue as of late August 2026
Source (primary)
IREN gets double upgrade as JPMorgan, BTIG cite strong AI demand - scanx.trade (-, news_article)
View cached copy (2026-09-14)Live source ↗
Quote: “The company highlighted reaching $1 billion in operating annualized recurring revenue (ARR) as of late August.”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The second article on the page says IREN highlighted reaching $1 billion in operating ARR as of late August, in its fiscal 2026 update.
Confirmed in the source:
- IREN reached $1 billion in operating annualized recurring revenue
- This figure was as of late August 2026
What we did: Read our cached copy of the publisher (https://scanx.trade/stock-market-news/companies/iren-gets-double-upgrade-jpmorgan-btig-cite-strong-ai-demand/50945778) in full (19,739 characters, retrieved September 14, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN gets double upgrade as JPMorgan, BTIG cite strong AI demand - scanx.trade
Quote: “The company highlighted reaching $1 billion in operating annualized recurring revenue (ARR) as of late August.”