AI cloud run-rate revenue of $28m annually
Company: IREN
The claim, verbatim
IREN says its AI cloud run-rate revenue is now $28m annually, and that its fleet is near full utilization.
Source (primary)
iren 8-K exhibit (q3fy25presentationvf.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-15)Live source ↗
Quote: “Run-rate revenue now $28m annually”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The AI cloud slide states both that run-rate revenue is now $28m annually and that the fleet is near full utilization.
Confirmed in the source:
- IREN's AI cloud run-rate revenue is now $28m annually
- IREN says its GPU fleet is near full utilization
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1878848/000187884825000043/q3fy25presentationvf.htm) in full (46,276 characters, retrieved October 15, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms iren 8-K exhibit (q3fy25presentationvf.htm)
Quote: “Run-rate revenue now $28m annually”