Prince George GPU deployment contract
Company: IREN - Project: Prince George
The claim, verbatim
IREN has contracted for approximately $400 million in annual recurring revenue from GPU deployments at Prince George, British Columbia.
Source (primary)
iren 8-K exhibit (a991irenreportsq2fy26res.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-20)Live source ↗
Quote: “~$0.4bn ARR now under contract for Prince George”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The release states that about $0.4bn of ARR is now under contract for Prince George. A footnote adds that this includes storage and ancillaries, and covers GPUs that are not yet generating revenue.
Confirmed in the source:
- IREN has about $0.4bn (~$400 million) of ARR under contract for GPU deployments at Prince George, part of its British Columbia AI Cloud expansion
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000187884826000014/a991irenreportsq2fy26res.htm) in full (28,428 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (a991irenreportsq2fy26res.htm)
Quote: “~$0.4bn ARR now under contract for Prince George”