$4B+ ARR target by December quarter
Company: IREN
The claim, verbatim
IREN is targeting annualized recurring revenue (ARR) exceeding $4 billion by the end of the December quarter following the delivery of Horizons 2–4
Source (primary)
Blue Owl leads $2.4 billion Iren debt deal for Nvidia chip purchases - scanx.trade (-, news_article)
View cached copy (2026-09-18)Live source ↗
Quote: “IREN is targeting annualized recurring revenue (ARR) exceeding $4 billion by the end of the December quarter following the delivery of Horizons 2–4.”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The source states the target, its timing and its dependence on Horizons 2-4.
Confirmed in the source:
- IREN is targeting ARR above $4 billion
- The target date is the end of the December quarter
- The target follows delivery of Horizons 2-4
What we did: Read our cached copy of the publisher (https://scanx.trade/stock-market-news/debt-markets/blue-owl-leads-2-4-billion-iren-debt-deal-nvidia-chip-purchases/49484774) in full (21,962 characters, retrieved September 18, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Blue Owl leads $2.4 billion Iren debt deal for Nvidia chip purchases - scanx.trade
Quote: “IREN is targeting annualized recurring revenue (ARR) exceeding $4 billion by the end of the December quarter following the delivery of Horizons 2–4.”