Current Operational ARR
Company: IREN
The claim, verbatim
$1 billion of ARR already operational after Microsoft accepted Horizon 1
Source (primary)
IREN Q4 adj. EPS $(0.74) misses; BTIG sees $4B ARR - scanx.trade (-, news_article)
View cached copy (2026-09-20)Live source ↗
Quote: “The company exited the fourth quarter with about $500 million of ARR, which rose to $1 billion after Microsoft accepted Horizon 1”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The article says ARR rose from about $500 million to $1 billion after Microsoft accepted Horizon 1, and a linked article on the same page describes $1 billion as already operational.
Confirmed in the source:
- IREN's ARR reached $1 billion
- The increase to $1 billion came after Microsoft accepted Horizon 1
- The $1 billion is described as already operational
What we did: Read our cached copy of the publisher (https://scanx.trade/stock-market-news/technology/iren-leads-coreweave-ai-revenue-per-megawatt-metric/48621281) in full (23,758 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN Q4 adj. EPS $(0.74) misses; BTIG sees $4B ARR - scanx.trade
Quote: “The company exited the fourth quarter with about $500 million of ARR, which rose to $1 billion after Microsoft accepted Horizon 1”