Operational ARR as of August 26
Company: IREN
What the later record shows
Not a promise: a reported event · happened August 26, 2026
The claim reports operational ARR already reached as of August 26, 2026, before it was said. Coverage attributes the rise to Microsoft's acceptance of Horizon 1.
“The company exited the fourth quarter with about $500 million of ARR, which rose to $1 billion after Microsoft accepted Horizon 1.”
2026-09-16 · IREN Q4 adj. EPS $(0.74) misses; BTIG sees $4B ARR - scanx.trade View cached copy (2026-09-20)Live source ↗
“IREN had approximately $1 billion of operational ARR as of August 26 and $4 billion of contracted ARR tied to capacity expected online by year-end.”
2026-09-18 · Northland starts IREN at Outperform with $99 target, implying 128% upside - Yahoo Finance View cached copy (2026-09-21)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Had approximately $1 billion of operational ARR as of August 26
Source (primary)
Northland starts IREN at Outperform with $99 target, implying 128% upside - t.co (-, news_article)
View cached copy (2026-09-25)Live source ↗Archive.org ↗
Quote: “IREN had approximately $1 billion of operational ARR as of August 26”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The article states that IREN had approximately $1 billion of operational ARR as of August 26, which matches every part of the claim.
Confirmed in the source:
- IREN had approximately $1 billion of operational annualized run-rate revenue (ARR)
- This operational ARR figure was as of August 26
What we did: Read our cached copy of the publisher (https://t.co/I12mT3FX2r) in full (8,772 characters, retrieved September 25, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Northland starts IREN at Outperform with $99 target, implying 128% upside - t.co
Quote: “IREN had approximately $1 billion of operational ARR as of August 26”