AI Cloud Hopper GPU contracts run-rate
Company: IREN
The claim, verbatim
IREN's Hopper GPUs are near full utilization, serving customers on terms from on-demand to 3 years, including white-labelled compute with leading US AI cloud providers, at an annualized run-rate revenue of $28 million.
Source (primary)
iren 8-K exhibit (ef20051646_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-11)Live source ↗
Quote: “including through white-labelled compute with leading US AI cloud providers (generating annualized run-rate revenue of $28 million)”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The AI Cloud Services commentary states each of these points, with the $28 million run-rate measured as of June 30, 2025.
Confirmed in the source:
- IREN's Hopper GPUs are near full utilization
- Customer contract terms range from on-demand to 3 years
- Customers include white-labelled compute with leading US AI cloud providers
- Annualized run-rate revenue is $28 million
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000114036125024971/ef20051646_ex99-1.htm) in full (23,104 characters, retrieved October 11, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (ef20051646_ex99-1.htm)
Quote: “including through white-labelled compute with leading US AI cloud providers (generating annualized run-rate revenue of $28 million)”