1.2 GW AI Cloud capacity targeted for 2027
Company: IREN
The claim, verbatim
IREN is targeting 1.2 GW of AI Cloud capacity in 2027
Source (primary)
Northland starts IREN at Outperform with $99 target, implying 128% upside - Yahoo Finance (-, news_article)
View cached copy (2026-09-21)Live source ↗
Quote: “targeting 1.2 GW in 2027”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The article says IREN plans 480 MW of gross AI Cloud capacity in 2026 and is targeting 1.2 GW in 2027.
Confirmed in the source:
- IREN is targeting 1.2 GW of AI Cloud capacity in 2027
What we did: Read our cached copy of the publisher (https://finance.yahoo.com/markets/stocks/articles/northland-starts-iren-outperform-99-135457164.html) in full (9,648 characters, retrieved September 21, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Northland starts IREN at Outperform with $99 target, implying 128% upside - Yahoo Finance
Quote: “targeting 1.2 GW in 2027”