Total projected revenue run-rate
Company: IREN
The claim, verbatim
$2.5 billion total projected annualized revenue run-rate
Source (primary)
iren 8-K exhibit (ef20058139_ex99-2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-27)Live source ↗
Quote: “$2.5bn ARR”
How we checked this
Checked on September 29, 2026. The cited source supports every part of this claim.
The presentation shows '$2.5bn ARR'. A footnote says this combines the $1.94bn Microsoft contract with an estimated >$500m from Prince George GPUs, is not fully contracted, and may not be achieved.
Confirmed in the source:
- IREN projects $2.5 billion in total annualized run-rate revenue
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036125040072/ef20058139_ex99-2.htm) in full (15,597 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20058139_ex99-2.htm)
Quote: “$2.5bn ARR”