Negotiated British Columbia customer contracts
Company: IREN
The claim, verbatim
IREN has ongoing contract negotiations supporting more than $500 million in estimated annual recurring revenue from additional British Columbia AI Cloud deployments.
Source (primary)
iren 8-K exhibit (a991irenreportsq2fy26res.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-20)Live source ↗
Quote: “remaining contract negotiations supporting >$0.5bn ARR”
How we checked this
Checked on September 24, 2026. The cited source supports part of this claim, but not all of it.
The release says the remaining negotiations support more than $0.5bn of ARR. Its wording does not make clear whether that figure is in addition to the Prince George contracts or is a total for British Columbia.
Confirmed in the source:
- IREN has ongoing contract negotiations for its British Columbia AI Cloud expansion
- IREN describes those negotiations as supporting more than $0.5bn of ARR
We could not confirm this from the cited source:
- That the more than $500 million of ARR comes from additional deployments on top of the roughly $0.4bn already contracted at Prince George
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
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: “remaining contract negotiations supporting >$0.5bn ARR”