$4B signed ARR target by Dec 31
Company: IREN
The claim, verbatim
IREN has a target of $4 billion in signed annualized recurring revenue for its AI cloud business by December 31.
Source (primary)
IREN Drops 6% as Alphabet's AI Cash Burn Rattles Data Center Stocks; Cipher Digital Falls 5% Ahead of Earnings - 24/7 Wall St. (-, news_article)
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Quote: “IREN's upcoming report needs to show AI cloud growth on pace for its $4 billion signed annualized recurring revenue (ARR) target by December 31.”
How we checked this
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Additional evidence
confirms IREN Drops 6% as Alphabet's AI Cash Burn Rattles Data Center Stocks; Cipher Digital Falls 5% Ahead of Earnings - 24/7 Wall St.
Quote: “IREN's upcoming report needs to show AI cloud growth on pace for its $4 billion signed annualized recurring revenue (ARR) target by December 31.”