$4B+ annualized recurring revenue (ARR) target
Company: IREN
The claim, verbatim
IREN is targeting annualized recurring revenue exceeding $4 billion by the end of the December quarter following the delivery of Horizons 2-4
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: “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 24, 2026. The cited source supports every part of this claim.
The article states IREN is targeting ARR above $4 billion by the end of the December quarter following delivery of Horizons 2-4.
Confirmed in the source:
- IREN is targeting annualized recurring revenue exceeding $4 billion
- The target is for the end of the December quarter
- The target follows the delivery of Horizons 2-4
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: “IREN is targeting annualized recurring revenue (ARR) exceeding $4 billion by the end of the December quarter following the delivery of Horizons 2–4.”