Operating ARR reached $1 billion
Company: IREN
The claim, verbatim
Operating annualized recurring revenue reached $1 billion as of late August 2026
Source (primary)
IREN shares rise on AI pivot, $4 billion revenue target - scanx.trade (-, news_article)
View cached copy (2026-09-20)Live source ↗
Quote: “The company highlighted reaching $1 billion in operating annualized recurring revenue (ARR) as of late August”
How we checked this
Checked on September 25, 2026. The cited source supports every part of this claim.
The 14 Sept 2026 article on this page says the company reached $1 billion in operating ARR as of late August, citing its Aug. 27 fiscal 2026 update.
Confirmed in the source:
- IREN reached $1 billion in operating annualized recurring revenue
- This was as of late August 2026
What we did: Read our cached copy of the publisher (https://scanx.trade/stock-market-news/companies/iren-shares-rise-ai-pivot-4-billion-revenue-target/51197812) in full (19,777 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms IREN shares rise on AI pivot, $4 billion revenue target - scanx.trade
Quote: “The company highlighted reaching $1 billion in operating annualized recurring revenue (ARR) as of late August”